Insurers respond to cyber threat to railways

Cyber thief

Traditional insurance policies do not cover emerging threats to the railway posed by cyber hackers, a conference heard.

Speakers at RSA’s Rail Forum said clients were potentially uninsured for cyber attacks that targeted rail infrastructure, unless they also had additional cover.

Steve Medhurst global transportation specialism leader RSA said: “Most insurance companies at the moment do not give any cyber cover, it’s only specialist markets that do. However, there is a move now, people have understood the risk and it has become a major boardroom topic.”

He added: “The result of that is knowledge and understanding has improved both in business and also in insurance sense.”

Digital train control is already a reality on the Thameslink core through London Bridge and on Crossrail.

The next five years to 2024, the rail network industry will introduce Pennines on the southern end of the East Coast mainline into London King’s Cross and to other major commuter routes that feed London Waterloo.

The warnings come in the wake of increased awareness of state-sponsored hacking. In the Netherlands, four men believed to be linked to Russian intelligence service were detained for allegedly attempting to hack into the chemical weapons watchdog.

 

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: