Prestige (Singapore)

FIGHT CYBERTHEFT

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Better digital technology has enhanced safety, efficiency and communicat­ions on superyacht­s. However, this increased interconne­ctivity of onboard and shore-based systems has increased the occurrence of system failures and opportunit­ies

for cyberattac­kers to hack into a yacht’s network. To address this risk, specialist insurer Beazley has launched cyber insurance for luxury yachts to protect them from physical damage, loss of access, threatened and actual ransom of the ship resulting from these breaches. Beazley’s Cyber Defence for Superyacht­s also provides inbuilt risk prevention and immediate response services via a 24-hour hotline in case of a cyber breach. Beazley will first conduct a comprehens­ive

risk assessment to identify and mitigate potential gaps in security that could leave new policyhold­ers susceptibl­e.

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