The Price of Neglect: The Economic Impact of Cyberattacks on Maritime Operations

Ports are critical infrastructure to countries economic growth and sustainability. Over 90% of nations around the world depends on importation and exportation of goods. The maritime sector has become an integral part of global trade, connecting markets and facilitating the movement of goods across regions and continents. However, as with other sectors, the growing dependence on digital systems has exposed maritime operations to the growing threat of cyberattack. These attacks have dire economic consequences, as seen in countries like USA, Nigeria, Japan, China, Netherland where maritime industry contribute immensely to their economy.