Cyberattacks on the shipping industry are increasing worldwide. Criminals hack electronic communications, attempt to steal financial data or take control of company systems, and then demand ransom.
As a result, companies face significant financial losses. Between 2022 and 2023, the costs related to such attacks doubled, averaging $550,000, with some ransom payments exceeding $3 million.
Shipping accounts for 80% of global trade, so attacks limit delivery capabilities and raise company costs. Experts note that digital systems and outdated technology create opportunities for cybercriminals.
To improve security, the International Maritime Organization has introduced new cybersecurity rules. Companies are strengthening system protections and preparing for attacks.
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