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Hackers Steal from Cyprus Shipping Company

cyber security

Published Aug 31, 2015 7:50 PM by The Maritime Executive

Hackers presenting themselves as a company in Africa have stolen about $644,000 from a shipping company registered in Cyprus.

The Limassol-based shipping company received an email purportedly coming from their fuel supplier in Africa requesting that money owed be paid to a different bank account than usual.

Xinhua news agency reports that the company complied only to find out it had been defrauded when it later received an email from the fuel company asking for payment.

The money has been traced to Poland, and Cypriot police are working with Interpol to locate the hackers.

A round table of international shipping associations comprising BIMCO, ICS, Intercargo and INTERTANKO are currently developing standards and guidelines to address the major cyber security issues faced by the shipping industry.