Risk management has developed significantly from when it was first introduced. In the 16th and 17th centuries, notions of risk management evolved into something more akin to how we see it in the cybersecurity landscape today. The amount of risk for voyages would be weighed and calculated, and at the end of the day, someone would decide whether the complex risk environment was worth the possibility of losing the entire shipment or if the risk was acceptable enough to take the gamble on the product being shipped.