The scalloped hammerhead was the first shark species to be protected under the U.S.
Endangered Species Act. As of 2019, the scalloped hammerhead has been categorized as Critically Endangered by the IUCN Red List. The IUCN cites overfishing as the main cause for the drop in population numbers. Scalloped hammerheads are over harvested for their large sizes and fins that have 'high fin needle content;' their fins are sold for US $100–120 per kilogram. Many conservation efforts have been taken to protect this species, such as using genetic information from fins purchased from a Hong Kong market to pinpoint where scalloped hammerheads are being caught and track their exploitation levels. Fishing bans have been placed on some of these areas, such as in the Western Yucatan Peninsula, during breeding seasons to protect the young and juvenile scalloped hammerheads. In many areas, officials have implemented management regulations on fishing vessels. They have made a regulation that prohibits taking the sharks onboard to transship, sell, or store for future selling. In parts of the Atlantic Ocean, their populations had declined by over 95% in the past 30 years. Among the reasons for this drop are overfishing and the rise in demand for shark fins. Researchers attribute this growth in demand to the increase in shark fins as an expensive delicacy (such as in
shark fin soup) and in 2008 called for a ban on
shark finning, a practice in which the shark's fins are cut off and the rest of the animal is thrown back in the water to die. Hammerheads are among the most commonly caught sharks for finning. "This species tendency to aggregate in large groups making capture in large numbers on long lines, bottom nets and trawls even easier." Hammerhead sharks are overfished all around the world for their fins and liver oil. an estimated 1.3 to 2.7 million fins are collected each year from smooth and scalloped hammerhead sharks for the shark-fin trade.
DNA barcoding can assist in the identification of scalloped hammerhead remains to aid conservation efforts. According to a January 2021 study in
Nature which studied 31 species of sharks and
rays, the number of these species found in open oceans had dropped by 71 per cent in around 50 years. The scalloped hammerhead was included in the study. ==See also==