Summary
The global shipping industry is facing an increasing number of cyber attacks. Criminal groups and some countries are targeting ships and ports, seeking to steal information or disrupt operations. This trend is growing as more ships become digitally connected.
Key Facts
- The shipping industry is seeing more cyber attacks from criminals and some countries.
- Nigerian gangs are commonly involved in these cyber crimes, according to a law firm working with shipping firms.
- Cyber attacks involve tactics like "man-in-the-middle" fraud to steal data or control systems.
- The cost of handling these attacks rose to an average of $550,000 in 2023, with ransom payments averaging $3.2 million.
- Cyber security is crucial because 80% of world trade is delivered by sea, making shipping a key target.
- The number of shipping cyber attacks jumped from 10 in 2021 to 64 in the following year.
- Countries such as Russia, China, North Korea, and Iran are linked to some incidents.
- The recent rise in attacks is due to ships becoming more digitally connected, creating more entry points for hackers.
