The rising tide of maritime cyber threats in global trade

The shipping sector is a crucial part of global trade: approximately 90% of global trade is transported by sea. As the sector becomes increasingly digital, it also becomes more vulnerable to harmful cyber attacks. In the first half of 2024 alone, 23,400 malware and 178 ransomware detections were recorded, according to a recent report from Marlink.

The early adoption of technology in the maritime industry, such as electronic navigation systems, created fundamental vulnerabilities that allowed the introduction of straightforward cyber-attacks. While these incidents were seen as accidental or opportunistic, they highlighted the sector’s lack of strategy and defense against cyber threats.