According to the International Chamber of Commerce’s International Maritime Bureau (IMB):

While the era of "Golden Age" pirates (like Blackbeard) is over, maritime piracy remains a real, ongoing threat, particularly in specific regions.

Modern piracy is less about personal adventure and entirely about illicit financial gain. Today's pirates generally fall into two categories:

Modern piracy is most concentrated in strategic maritime "choke points" where high-value cargo must pass through narrow or poorly policed waters. Why The Oceans Are Still Full Of Pirates

– Currently the world’s most dangerous region for piracy.

October 2023 Subject: Do pirates still exist? An analysis of modern maritime crime, hotspots, and trends.

The shipping industry and international governments have adapted to these threats.

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