VentureIsrael News

Do Keyboard Pirates Rule the Waves?

Portfolio Companies
Ransomware attacks made at least $350m USD in cryptocurrency in 2020, up from less than $50m USD in 2018. These numbers are only going to increase, and these are only the attacks that have made it into the mainstream media. The true figure is likely to be much higher.
Shipping is the lifeblood of the global economy – an estimated 90% of the world’s goods are transported by sea (WEF). The global supply chain on which economies depend is reliant on the secure and safe movement of goods on vessels across the ocean. Any disruption to these supply chains, including those posed by cyberattacks, can be considered a global threat that has the potential to affect us all. Maritime cybersecurity – something that might seem trivial to the average person – is vitally important in ensuring the safe passage of food and raw materials essential to our modern world.