According to the International Chamber of Commerce, there are three types of modern day pirate attacks.
The most common type of attack happens when pirates board a boat or ship, and rob the crew. According to publicized statistics this type of attack will usually bring in about $20,000 US dollars for the pirates. These types of robberies usually involve between 6 and 8 “pirates” working together.
The second type of attack is where the pirates board, rob the crew and also steal the ships cargo and goods. An attack of this type can involve 70 or more pirates, boarding a vessel all at the same time. These type of attacks occur most commonly in the early morning hours, between 1:00 and 6:00 am. This type of pirate attack can bring in over a million dollars, depending on the type of cargo the ship is carrying.
And the third type of piracy occurring most often at this time in history, is a type of modern day “con game.” Pirates having stolen or secured a ship, paint it, have it “temporarily registered” with authorities at one of a number of ports, and then wait for an unsuspecting victim. The “victim” is a business person who is in a hurry to ship his goods. The “pirates” offer to transport the cargo, but of course it never arrives at it’s destination. The same ship can be painted and repainted many times, and used at different ports of call, to repeat the scam again and again.
With all of this said, it is assumed that only about 10% of pirate attacks are actually reported as such. Under-reporting of this type of crime is thought to be related to concern over increased insurance premiums, once such a crime is reported.