Maritime cyber security is a growing concern, as hackers are increasingly targeting the maritime industry for financial gain. Hackers are organized and motivated by money, using tactics such as ransomware and bunkering invoice fraud to extort funds from maritime businesses. However, a new and sinister opportunity for monetizing hacking is shorting stock in advance of a ransomware incident or breach. This creates conflicts of interest, as market activist investors who are shorting stock may have an incentive to see organizations be breached. Additionally, supply chain vulnerabilities, such as poor helmsmanship and cyber security weaknesses in vessels, can lead to disruptions in commodity shipments and price spikes. It is crucial for maritime businesses to proactively address cyber security issues and understand the potential financial risks involved.
| Signal | Change | 10y horizon | Driving force |
|---|---|---|---|
| Monetising hacking by shorting commodity shipments | Motivation of hackers shifting to monetary gain | Increased sophistication of hacking tactics | Financial gain |
| Shorting stock in advance of ransomware incidents | Exploiting stock price drops for financial gain | Increase in stock price manipulation | Financial gain, avoidance of SEC monitoring |
| Cybersecurity vulnerabilities in maritime supply chains | Increased awareness and proactive cybersecurity measures | Improved cybersecurity in maritime industry | Enhancing security measures |
| Hacking LNG carriers to manipulate gas prices | Manipulating gas futures prices for financial gain | Increased focus on cybersecurity for LNG carriers | Financial gain, manipulation of commodity prices |
| Blockage of ports affecting publicly quoted firms | Disruption of business operations and stock prices | Increased focus on port security | Financial gain, destabilizing business operations |