CBD Life Sciences Inc (CBDLD)

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Shipping Industry

In addition to the risks of modern piracy, the shipping industry also encounters frequent threats from cybercrime. In a 2016 Safety report from a major international insurance company, cyber risks were mentioned as 'foreseeable but not yet a serious reality', yet the following year the largest shipping company in the world was hit by ransomware. The cyber attack resulted in the complete disabling of 4,000 servers and 45,000 employee workstations. The ensuing loss to the company resulted in a $300 million charge to their financial statement. Though many organizations don't expect to be the victim of cybercrime, no company in any industry should be considered immune.