In today’s digital age, the freight industry is increasingly reliant on technology for efficiency and productivity. However, with the rise of cyber threats, ensuring cybersecurity in the freight industry has become a critical concern. In this blog post, we will delve into the statistical landscape of cybersecurity in the freight industry, highlighting key trends, challenges, and implications for businesses operating in this sector.
The Latest Cybersecurity In The Freight Industry Statistics Explained
Cybercrime in the cargo transportation industry could triple over the next two years.
The statistic ‘Cybercrime in the cargo transportation industry could triple over the next two years’ suggests that there is a significant and alarming trend of cybercriminal activities targeting the cargo transportation sector. This projection indicates that the frequency and severity of cyberattacks, such as data breaches, ransomware, and supply chain disruptions, are expected to increase threefold within a relatively short timeframe. The potential tripling of cybercrime in the industry highlights the growing vulnerability of cargo transportation companies to digital threats and underscores the urgent need for enhanced cybersecurity measures, proactive risk management strategies, and investment in robust cybersecurity infrastructure to safeguard sensitive data and maintain the integrity of supply chains.
Over 500,000 incident of cargo theft are reported around the world each year, many of which are enabled through cyber vulnerabilities.
The statistic stating that over 500,000 incidents of cargo theft are reported worldwide each year, with many being facilitated by cyber vulnerabilities, highlights the significant issue of theft in the transportation and logistics industry. The high number of reported incidents underscores the scale of the problem and its global reach. The mention of cyber vulnerabilities points to the increasing role of technology in enabling theft, emphasizing the need for enhanced security measures and vigilance within the industry. This statistic serves as a stark reminder of the ongoing challenges faced by businesses involved in the transportation of goods and underscores the importance of addressing both physical and digital security risks in order to mitigate losses and protect valuable cargo.
56% of logistics organizations say they are prioritizing cybersecurity investment in 2020.
The statistic that 56% of logistics organizations are prioritizing cybersecurity investment in 2020 indicates that a majority of companies within the logistics industry recognize the importance of protecting their digital assets and systems from potential cyber threats. This suggests a growing awareness of the risks associated with cyberattacks, such as data breaches and operational disruptions, within the logistics sector. By prioritizing cybersecurity investment, these organizations are demonstrating a proactive approach to safeguarding their information technology infrastructure and ensuring the resilience of their supply chain operations in an increasingly digitalized and interconnected business environment.
92% of malware is delivered via email to logistics and shipping companies.
The statistic that 92% of malware is delivered via email to logistics and shipping companies indicates that these particular industries are disproportionately targeted by cybercriminals using email as a means to distribute malicious software schemes. This high percentage suggests that logistics and shipping companies face a significantly increased risk of falling victim to cyberattacks compared to other sectors. It highlights the importance for businesses operating in these industries to prioritize cybersecurity measures, including robust email security protocols, employee training on phishing awareness, and regular software updates to mitigate the potential impacts of malware infiltration on their operations and sensitive data.
Freight industry is the 5th most targeted by cyber-criminals.
This statistic indicates that the freight industry is ranked as the 5th most targeted sector by cyber-criminals, highlighting the increased risk and susceptibility of cyber attacks within this specific industry. The ranking suggests that the freight industry is a prime target for cyber criminals who exploit vulnerabilities within the industry’s technological infrastructure, potentially leading to various malicious activities such as data breaches, ransomware attacks, or system hacks. This statistic serves as a warning sign for stakeholders in the freight industry to prioritize cybersecurity measures and invest in robust defense mechanisms to safeguard their sensitive information and operations from potential cyber threats.
31% of organizations have encountered cyber attacks on operational technology infrastructure in 2020.
The statistic that 31% of organizations experienced cyber attacks on operational technology infrastructure in 2020 indicates a significant and concerning trend in the cybersecurity landscape. This finding suggests that a notable portion of organizations across various industries faced cyber threats targeting their critical infrastructure, such as manufacturing facilities, power plants, and other operational systems. The prevalence of such attacks highlights the vulnerability of organizations to cyber threats and underscores the importance of implementing robust cybersecurity measures to protect against potential breaches and safeguard operational technology. As technology continues to advance and interconnected systems become more prevalent, addressing cybersecurity risks in operational technology infrastructure will be paramount for organizations to ensure operational continuity and mitigate potential damages from cyber attacks.
The average cost of a data breach in the transportation industry is $3.5 million.
The statistic states that, on average, the cost of a data breach in the transportation industry amounts to $3.5 million. This figure represents the financial impact incurred by transportation companies due to breaches in their data security systems leading to unauthorized access or theft of sensitive information. Data breaches can result in various costs including investigation expenses, legal fees, regulatory fines, customer compensation, and costs associated with implementing improved security measures. The significant financial implications of data breaches underscore the importance of robust cybersecurity practices in the transportation industry to protect sensitive information and mitigate potential financial losses.
90% of logistics businesses lack the appropriate defense to protect against cyber threats.
The statistic that 90% of logistics businesses lack the appropriate defense to protect against cyber threats suggests a significant vulnerability within the industry. This high percentage indicates a widespread issue where the majority of logistics businesses are not adequately prepared to defend against potential cyber attacks. Given the increasingly digital nature of logistics operations and the sensitive data often handled within the industry, the lack of appropriate defense mechanisms puts these businesses at considerable risk of experiencing data breaches, operational disruptions, and financial losses. Addressing this gap in cybersecurity readiness is crucial to safeguarding the integrity and confidentiality of logistics operations and protecting the overall resilience of the supply chain.
Around 50% of cargo companies have experienced a cyber attack in 2020.
The statistic “Around 50% of cargo companies have experienced a cyber attack in 2020” indicates that a significant portion of companies in the cargo industry have fallen victim to cyber attacks within the past year. This statistic highlights the increasing vulnerability of cargo companies to cyber threats and the importance of cybersecurity measures within the industry. These attacks can have serious consequences, including financial losses, disruption of operations, and compromised sensitive information. It underscores the urgent need for cargo companies to prioritize and invest in robust cybersecurity practices to safeguard their operations and data from potential cyber threats.
45% of transportation organizations have insufficient detection and response capabilities against cyber threats.
The statistic that “45% of transportation organizations have insufficient detection and response capabilities against cyber threats” suggests that a substantial portion of transportation entities may be inadequately equipped to prevent, identify, and effectively address cyber attacks. This vulnerability could expose critical transportation infrastructure and systems, such as airports, seaports, and railways, to potential security breaches and disruptions. The lack of robust cybersecurity measures in nearly half of the transportation organizations surveyed indicates a pressing need for improved risk management strategies and investments in cybersecurity technologies to safeguard against cyber threats and mitigate the potential impact on the transportation sector’s operations, safety, and reputation.
The demand for cybersecurity professionals in the freight industry has grown by 300% in five years.
The statistic stating that the demand for cybersecurity professionals in the freight industry has grown by 300% in five years indicates a significant and rapid increase in the need for skilled individuals to address cybersecurity threats within the freight sector. This growth suggests that the industry is increasingly recognizing the importance of protecting its digital assets and systems from cyberattacks and data breaches. Such a sharp rise in demand may be attributed to the escalating frequency and sophistication of cyber threats targeting the freight industry, leading companies to seek out cybersecurity experts to fortify their defenses and safeguard critical operations and information. This statistic underscores the imperative for organizations in the freight sector to prioritize cybersecurity measures and invest in qualified professionals to mitigate risks and ensure the integrity and security of their digital infrastructure.
64% of all malicious threats come via email phishing in the freight industry.
The statistic that 64% of all malicious threats come via email phishing in the freight industry indicates that a significant majority of security breaches in this specific sector are initiated through deceptive email tactics aimed at obtaining sensitive information or causing disruption. This highlights the vulnerability of freight companies to cyberattacks via phishing attempts and suggests that efforts to improve cybersecurity measures, such as employee training on email security best practices and implementing robust email filtering systems, should be prioritized to safeguard against such threats. The prevalence of email phishing as a primary attack vector underscores the need for proactive measures to mitigate the risks associated with malicious activities targeting the freight industry.
Cyber threats have cost the transport and logistics industry over $6 billion in the last 5 years.
The statistic states that cyber threats have resulted in financial losses amounting to over $6 billion within the transport and logistics industry over the past five years. This figure highlights the significant impact that cybersecurity breaches have had on the sector, indicating the substantial financial burden that organizations within this industry have incurred due to cyber attacks. Such threats can encompass a range of activities, including data breaches, ransomware attacks, and other malicious activities targeting the digital infrastructure of companies involved in transport and logistics. This statistic underscores the importance of enhancing cybersecurity measures and investing in robust defenses to safeguard sensitive information and assets from cyber threats within the industry.
Cybersecurity investment in freight and logistics is expected to reach $14.2 billion by 2022.
The statistic indicates that the investment in cybersecurity within the freight and logistics industry is anticipated to increase significantly, totaling at $14.2 billion by the year 2022. This reflects a recognition of the growing importance and value of cybersecurity measures within this sector to protect sensitive data, infrastructure, and operations from cyber threats and attacks. The substantial investment highlights the industry’s commitment to enhancing its cybersecurity defenses, implementing robust security protocols, and leveraging advanced technologies to safeguard critical assets and maintain the integrity of supply chains, ultimately aiming to mitigate potential risks and vulnerabilities posed by cyber attacks.
The number of reported cyber attacks in the maritime freight industry increased by 400% in the first half of 2020 compared to 2017.
The statement indicates a significant increase in reported cyber attacks in the maritime freight industry between 2017 and the first half of 2020. Specifically, there has been a 400% rise in the number of reported incidents during this period, highlighting a growing concern for cybersecurity within the industry. This steep increase suggests that maritime freight companies are increasingly becoming targets of cyber attacks, potentially leading to disruptions in operations, financial losses, and compromised data security. The statistic underscores the need for enhanced cybersecurity measures and vigilance within the maritime sector to mitigate the risks posed by cyber threats.
References
0. – https://www.www.cyberdb.co
1. – https://www.digitalguardian.com
2. – https://www.www.supplychaindigital.com
3. – https://www.www.ibm.com
4. – https://www.www.insight.tech
5. – https://www.www.cargoforwarder.eu
6. – https://www.www.forbes.com
7. – https://www.www.grandviewresearch.com
8. – https://www.www.maritime-executive.com
9. – https://www.www.ledgerinsights.com
10. – https://www.www.joc.com
11. – https://www.www.fleetowner.com
12. – https://www.www.csoonline.com
13. – https://www.safety4sea.com
14. – https://www.www.bizjournals.com
