The rising tide of maritime cyberthreats in global trade

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The shipping industry is a critical component of global trade, with approximately 90% of world trade carried by sea. As the industry becomes increasingly digitized, it also becomes more vulnerable to damaging cyberattacks, with 23,400 malware and 178 ransomware detections registered in the first half of 2024 alone, according to a recent Marlink report.

The early adoption of technology in the maritime industry, like electronic navigation systems, created basic vulnerabilities that allowed unsophisticated cyber-attacks to be introduced. While these incidents were seen as accidental or opportunistic, they highlighted the industry’s lack of strategy and defense against cyber threats.

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