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Undersea cables and pipelines are hidden, but increasingly vital, enablers of the global economy that most people take for granted. Everyday business activities, such as sending emails, making videocalls, transmitting data and transferring money, rely on the services provided by telecommunication cables that traverse the floors of the world's seas and oceans.
Along with gas pipelines and electricity connectors, subsea cables are a critical component of global infrastructure, powering global business and maintaining energy security.
Extensive development of new facilities is reinforcing the criticality of 'blue economy' infrastructure, supporting the expansion of the digital economy and explosion of generative AI.
Sabotage attempts on cables in the Red Sea and the Nord Stream gas pipeline explosion in Europe in 2022 are examples of an emerging geopolitical threat. Meanwhile, the ransomware attack on Colonial Pipeline in 2021 is a reminder of the growing cyber risk exposures.
Businesses should factor in damage to submarine cable networks when carrying out scenario analysis and horizon scans.