Global trade increasingly operates in a world where automation and digitalization are rapidly transforming nearly every sector of the economy. While some forms and modes of transportation are adopting new digital tools quite slowly, the overall pace of engagement is increasing exponentially. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Little by little, shipping companies are embracing the digital revolution. In fact, digital technology is becoming so important and extensive that many companies underestimate the extent to which they depend on it. While the opportunities arising from technological advancement are plenty to mention, so are the vulnerabilities and risks. Those who can find balance will thrive. Otherwise they will themselves be left behind by changing markets and consumer expectations, or even left vulnerable to the growing army of threat actors. Authorities believe criminal activity is assisted by the speed, convenience and, most importantly, the anonymity the world enjoys. The Web provides. Consulting firms believe the global cost of data breaches alone could exceed $2 trillion by the end of 2018. Criminals are clearly thriving thanks to the unprecedented access and connectivity afforded by the Internet, as technology advance. The accelerated progress of the digital economy is a primary concern as it would increase cost efficiency, collective intelligence and product delivery, but it would also increase digital entry points to strategic control centers, trade intelligence and private data third parties. As businesses become increasingly connected, levels of flexibility are increasingly imposed by the weakest link in the digital supply chain. Therefore, companies have even less individual control to alleviate their digital risks, making security somewhat of a communal issue. This is a concerted responsibility where every member of all supply chains is accountable, not only to their shareholders, but also to other partners. The transportation sector values ​​risks related to digital vulnerability almost as much as the geopolitical circle sector. The largest stand-alone risk across all modes of transportation is the risk that arises from new and emerging competitors, with expanding competition across all known modes of transportation: sea, land and air. As transportation adopts the technological advances of the digital age, it must jointly build risk strategies to ensure that all systems in the global value chain are safe and reliable. An investigation conducted by Willis Towers Watson found that the modern world's prolonged economic struggle has made the shipping sector more exposed to risk than other modes of transport. Ocean freight providers perceive several digital risks, in the form of data privacy breaches. But even shipping companies have almost no protection against the complexities of globalization. Every means of transport could benefit from the development of more efficient propulsion and fuel technologies. Currently, shipowners face significant regulatory and technical uncertainty, which increases investment risks. Some are using advances in computational fluid dynamics and modeling to simplify hulls and bow structures to design more efficient propellers to achieve much the same goal. Here.