Do you know how truly massive the global maritime industry is? Billions of tons of vital goods like food, medicine, and oil are shipped around the world every year, and any interference with these ships can cause massive economic impacts.
We saw these economic impacts earlier this year when a shipping vessel lodged itself in the Suez Canal, blocking the passage of other vessels. This blockage cost the world nearly $10 billion in trade each day it was stuck.
Needless to say, the maritime industry is vital, and the latest concern among experts is cybersecurity. You’re probably aware of the general importance of cybersecurity. You might have some well-known programs installed on the very device you’re reading this article on, but you may not be aware of just how important cybersecurity is in the maritime industry.
The world’s reliance on the maritime industry is greater than ever. We see the shipping prices and demand going up and companies are riding this change to expand, buying new vessels, upgrading systems, and improving business processes,” said Alon Ayalon, the vice president of R&D at Cydome, a maritime cybersecurity company, in a recent interview.
As the industry grew, it needed to rely much more heavily on technology to follow COVID-19 guidelines. As is the case in any industry, the more technology used, the greater the opportunity for cyberattacks.
It’s estimated that attempted cyberattacks on maritime vessels increased by 400% in the first few months of the pandemic.