The year 2021 was definitely not one of the best years for the business organizations in the maritime and logistics industry as targeted attacks on ships increased by over 30% in that year around the globe. On the other hand, in Japan, two notable cyber security events were being registered in the ‘K’ line. Furthermore, in July 2021, one of the major logistic companies in South Africa faced a ransomware attack. Several similar instances were being reported that very year from shipping and logistics companies worldwide. In fact, as per Research Nester analysis, in the coming few years, 60% of the industry professionals projected that cyber-attacks would cause around 60% collisions and near to 70% groundings. Additionally, about 75% of the professionals believe that due to the ongoing fear of a cyber incident, there may be a closure of a strategic waterway.
Maritime cyber risk is the possibility of assaults on ships and boats that cause fatalities or infrastructure damage. Hijacking, piracy, sabotage, and data theft are just a few of the many potential sources of maritime cyber threats. These threats are especially difficult since they call for physical access to a ship or vessel for an attacker to carry out an assault. Not only the individuals who are engaged in shipping freight transportation are at danger from maritime cyber hazards, but the whole maritime business is also at risk. By infiltrating mariners' information systems, malicious actors also are able to operate ships at sea covertly or wage continuing strikes against commercial targets with minimal advance notice.
Being proactive with company cybersecurity is crucial given the increase in crimes. Owing to their dependence on computers and networks for commercial operations, maritime enterprises are especially vulnerable. The following advice potentially assists companies in reducing marine cyber risk:
Untargeted cyberattacks and targeted cyberattacks are the two main categories that harm a maritime enterprise or a ship:
To identify and take advantage of flaws in a ship or a maritime enterprise, both of these assaults potentially make use of methods widely deployed online.
The different types of marine power systems and equipment are susceptible to a variety of cyberattacks methods. Therefore, it's crucial to be aware of these methods if users wish to prevent assaults. Spear phishing, water bombing tactics, malware infections, and ransomware encryptions are some of the most typical.
While developing a cyber security strategy seems somewhat overwhelming, it is crucial to complete the homework to be fully informed of the dangers and potential vulnerabilities connected to the online presence.
Maritime shipping is one sector that is particularly at risk owing to its high concentration of infrastructure and critical assets. Our analysis finds that over 50% of all global trade passes through sea lanes, which makes them a prime target for hackers looking to inflict economic harm. As such, many organizations are now implementing enhanced security measures and working together to improve their resilience against cyberattacks. This includes improving cyber security protocols across all channels (physical, digital/logistical), training personnel in incident response and malware detection skills, and developing contingency plans in case of an attack (disaster recovery planning). Hence, it can be concluded that with several of the maritime cyber risks incidences that has been reported over the past few years, it is highly important for businesses to understand the level of risks involved and the amount of losses that these businesses may have to face. Thus, adopting to the right strategies by being agile is the only way out to remain proactive against the attackers.