Summary of the Article: SSA introduces cybersecurity self-assessment tool

TLDR:

• The Singapore Shipping Association (SSA) launched the MaritimeSG Shipping CyberSafe Scorecard.
• The tool allows ship owners, managers, and operators to perform self-assessment to measure the level of cybersecurity readiness of their fleet operations.

The article discusses the launch of the MaritimeSG Shipping CyberSafe Scorecard by the Singapore Shipping Association (SSA) to help shipping companies evaluate cyber risks to their vessel systems and operations. The scorecard, based on the US National Institute of Standards and Technology (NIST) Cybersecurity Framework, provides insights into areas for improvement and enables timely mitigation measures. Over 30 maritime companies, including industry leaders such as OSM Thome, Pacific International Lines, PCL, and BW Group, have completed self-assessments in the pilot phase. The SSA plans to use anonymized data to gain insights into industrywide trends and provide benchmarks for companies. Future plans include introducing an automated cybersecurity insurance request process for coverage options. The initiative aims to fortify Singapore’s maritime operations by improving cybersecurity posture.

The MaritimeSG Shipping CyberSafe Scorecard is the first tool of its kind in the market and provides a systematic approach for maritime companies to understand, manage, and reduce cybersecurity risks. According to T S Teo, Chair of the SSA Digitalization Committee, the scorecard serves as a foundation for companies to enhance their cybersecurity preparedness and plan long-term measures for improvement.