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Launch of new Cyber Insurance product | Hellenic Shipping News Worldwide


Launch of new Cyber Insurance product
The Club is pleased to announce the launch of a new Cyber Insurance product aimed at assisting Members respond to a cyber attack on their vessels and insuring them for any loss of income the vessel incurs as a result.
The IMO has adopted a resolution which requires companies, no later than the first annual verification of their Document of Compliance (DOC) after 1 January 2021, to demonstrate that cyber security is an integral part of their safety management system. The maritime world is seeing a sharp increase in cyber attacks and so cyber security and safety is important to protect a shipowner’s operations. BIMCO have introduced a Cyber Security contract clause which sets out the responsibilities of each party, defining what is expected from both sides both before and after a cyber event. The ability to react quickly and effectively to any breach of cyber security is vital to ensuring the cyber safety of the vessel. ....

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First Advantage Earns OSPAR Attestation from the Association of Banks in Singapore


First Advantage Earns OSPAR Attestation from the Association of Banks in Singapore
ATLANTA and HONG KONG, Jan. 11, 2021 (GLOBE NEWSWIRE)
First Advantage (http://www.fadv.com/) today shared that it has earned Outsourced Provider Audit Report (OSPAR) attestation, becoming the first background check company to secure the designation for the 2021 calendar year.
To achieve this, First Advantage completed an external audit, conducted by EY, in accordance with the Guidelines on Control Objectives & Procedures for Outsourced Service Providers. These standards were developed by the Association of Banks in Singapore (ABS), a non-profit organization that represents the interests of the commercial and investment banking community, with more than 150 members operating in Singapore. ....

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Investegate |First Advantage Announcements | First Advantage: First Advantage Earns OSPAR Attestation from the Association of Banks in Singapore


First Advantage Earns OSPAR Attestation from the Association of Banks in Singapore
ATLANTA and HONG KONG, Jan. 11, 2021 (GLOBE NEWSWIRE)
First Advantage today shared that it has earned Outsourced Provider Audit Report (OSPAR) attestation, becoming the first background check company to secure the designation for the 2021 calendar year.
To achieve this, First Advantage completed an external audit, conducted by EY, in accordance with the Guidelines on Control Objectives & Procedures for Outsourced Service Providers. These standards were developed by the Association of Banks in Singapore (ABS), a non-profit organization that represents the interests of the commercial and investment banking community, with more than 150 members operating in Singapore. ....

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