IACS adopts new requirements on cyber safety

Recognising that cyber incidents on vessels can have a direct and detrimental impact on life, property, and the environment, IACS has steadily increased its focus on the reliability and functional effectiveness of onboard, safety-critical, computer-based systems.

IACS identified at an early stage that, for ships to be resilient against cyber incidents, all parts of the industry needed to be actively involved, and so convened a Joint Working Group (JWG) on Cyber Systems which helped identify best...

https://allaboutshipping.co.uk/2022/04/21/iacs-adopts-new-requirements-on-cyber-safety/

Disruptive Tech Initiative Poised to Tackle Spike in Lost Shipping Cargo

Last month the Felicity Ace caught fire in the mid-Atlantic and had to be abandoned. The cargo ship was carrying over 4,000 luxury cars, including Porsche, Audi, Bentley and Lamborghini models, which insurers estimated to be worth £295 million. It was adrift somewhere south of the Azores for some weeks, assumed to be still burning, before it finally sank. The hazardous lithium-ion batteries, oil and gas contained onboard now sit on the ocean floor.

Felicity Ace reached mainstream news but it is...

https://allaboutshipping.co.uk/2022/03/22/disruptive-tech-initiative-poised-to-tackle-spike-in-lost-shipping-cargo/

City watchdog gets tougher on potential crypto fraudsters as it highlights the high cost of financial scams

City watchdog gets tougher on potential crypto fraudsters as it highlights the high cost of financial scams

Susannah Streeter
  • 300 investigations launched into crypto businesses in the past six months.
  • 16,400 enquiries made to the financial watchdog about scams between April and September 2021.
  • 1 in 4 applications from firms wanting to join the consumer investment market are being stopped by the FCA.

The FCA has released data on their work to tackle consumer harm in the investment market: https://...

https://allaboutshipping.co.uk/2022/03/03/city-watchdog-gets-tougher-on-potential-crypto-fraudsters-as-it-highlights-the-high-cost-of-financial-scams/

Piracy has decreased in 2021 but the threat remains

Piracy has decreased in 2021 but the threat remains

According to the annual piracy report published recently by the ICC International Maritime Bureau (IMB), piracy and armed robbery at sea last year has reached an all-time low since 1994. But the threat remains.

The report shows that in 2021, the IMB Piracy Reporting Centre recorded a total of 132 incidents against ships. Out of these, 115 vessels were boarded, 11 were attempted attacks, 5 vessels were fired upon and 1 vessel was hijacked.

The...

https://allaboutshipping.co.uk/2022/02/01/piracy-has-decreased-in-2021-but-the-threat-remains/

The Top Challenges in Anti-Money Laundering and Sanctions Compliance in 2021 and Beyond

The Top Challenges in Anti-Money Laundering and Sanctions Compliance in 2021 and Beyond

We are pleased to announce that Norton Rose Fulbright have just released their 2021 Global Anti-Money Laundering (AML) and Sanctions Compliance Survey.

Sven Stumbauer Global Anti-Money Laundering and Sanctions Compliance Consulting Leader and Senior Advisor, says:

“I am pleased to say that this year we had nearly 400 respondents from 77 jurisdictions participate in our survey. Our results highlight the ongoing...

https://allaboutshipping.co.uk/2021/09/20/the-top-challenges-in-anti-money-laundering-and-sanctions-compliance-in-2021-and-beyond/

Elcome Announces New Virus Protection Tool for Ships’ Navigation Computers

Elcome Announces New Virus Protection Tool for Ships’ Navigation Computers

Elcome International Bridge Protect USB 3.0 Secure Flash Drive

DUBAI, UNITED ARAB EMIRATES – Sept 7, 2021 – Elcome International, one of the world’s largest distributors of nautical charts and publications, has created a new secure tool to prevent viruses, malware or corrupted files from being introduced into ships’ navigational computers.

Elcome Bridge Protect provides a simple and cost-efficient method of ensuring safe...

https://allaboutshipping.co.uk/2021/09/07/elcome-announces-new-virus-protection-tool-for-ships-navigation-computers/

It’s full steam ahead for cyber crime unless the shipping industry and the authorities can keep it in check

It’s full steam ahead for cyber crime unless the shipping industry and the authorities can keep it in check

Matthew McGhee

The steady and continuing increase in cyber piracy and the large scale measures needed to resist it have become a major concern for international shipping. More than ever, owners, operators and charterers have to focus on the motives, methods and targets of hackers; the vulnerability of computer systems; the legal concerns of charterers and other parties; the counter measures...

https://allaboutshipping.co.uk/2021/07/07/its-full-steam-ahead-for-cyber-crime-unless-the-shipping-industry-and-the-authorities-can-keep-it-in-check/

CBDC and blockchain: Are we worrying too much about privacy?

CBDC and blockchain: Are we worrying too much about privacy?

Friday 21 May 2021 – Vol.12 Ed.20.5

Commentary: CBDC privacy concerns are overblown

By Philip Middleton in London

In response to OMFIF’s market research on what the most important attributes of a central bank digital currency should be, the most ticked boxes were those marked ‘privacy’ and ‘security’. In the US and Germany over 70% of respondents prioritised privacy as the essential feature of a putative CBDC. Since in a market economy...

https://allaboutshipping.co.uk/2021/05/21/cbdc-and-blockchain-are-we-worrying-too-much-about-privacy/

WISTA Sweden webinar: Ian Urbina on lawless oceans – Invisibility is the fundamental problem

WISTA Sweden webinar:  Ian Urbina on lawless oceans – Invisibility is the fundamental problem

Ian Urbina on a reporting trip in Indonesia. Photo courtesy of the Outlaw Ocean Project, all rights reserved.

On April 16th, WISTA Sweden hosted a webinar where journalist Ian Urbina – Pulitzer Prize winning New York Times investigating reporter, author of best-selling book The Outlaw Ocean and founder of the Outlaw Ocean Project – spoke about the dark side of commercial activities on the oceans.

With...

https://allaboutshipping.co.uk/2021/04/21/wista-sweden-webinar-ian-urbina-on-lawless-oceans-invisibility-is-the-fundamental-problem/

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