Unable to start a Java spring-boot application on my new ec2-instance

I get the below exception while I try to run my spring boot application. It would be great if I could get some help on resolving this issue.

• I am running the app as ubuntu user
• The app is configured to run on port 8080
• It looks like the app is not getting permission to run on 8080. I do not how to enable that.

** Caused by: java.net.BindException: Permission denied at java.base/sun.nio.ch.Net.bind0(Native Method) ~[na:na] at java.base/sun.nio.ch.Net.bind(Net.java:565) **

org.springframework.context.ApplicationContextException: Failed to start bean 'webServerStartStop' at org.springframework.context.support.DefaultLifecycleProcessor.doStart(DefaultLifecycleProcessor.java:182) ~[spring-context-6.0.11.jar!/:6.0.11] at org.springframework.context.support.DefaultLifecycleProcessor$LifecycleGroup.start(DefaultLifecycleProcessor.java:357) ~[spring-context-6.0.11.jar!/:6.0.11] at java.base/java.lang.Iterable.forEach(Iterable.java:75) ~[na:na] at org.springframework.context.support.DefaultLifecycleProcessor.startBeans(DefaultLifecycleProcessor.java:156) ~[spring-context-6.0.11.jar!/:6.0.11] at org.springframework.context.support.DefaultLifecycleProcessor.onRefresh(DefaultLifecycleProcessor.java:124) ~[spring-context-6.0.11.jar!/:6.0.11] at org.springframework.context.support.AbstractApplicationContext.finishRefresh(AbstractApplicationContext.java:958) ~[spring-context-6.0.11.jar!/:6.0.11] at org.springframework.context.support.AbstractApplicationContext.refresh(AbstractApplicationContext.java:611) ~[spring-context-6.0.11.jar!/:6.0.11] at org.springframework.boot.web.servlet.context.ServletWebServerApplicationContext.refresh(ServletWebServerApplicationContext.java:146) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.SpringApplication.refresh(SpringApplication.java:734) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.SpringApplication.refreshContext(SpringApplication.java:436) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.SpringApplication.run(SpringApplication.java:312) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.SpringApplication.run(SpringApplication.java:1306) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.SpringApplication.run(SpringApplication.java:1295) ~[spring-boot-3.1.3.jar!/:3.1.3] at io.cloudledger.paperflow.PaperFlowApplication.main(PaperFlowApplication.java:22) ~[classes!/:0.0.001-SNAPSHOT] at java.base/jdk.internal.reflect.DirectMethodHandleAccessor.invoke(DirectMethodHandleAccessor.java:103) ~[na:na] at java.base/java.lang.reflect.Method.invoke(Method.java:580) ~[na:na] at org.springframework.boot.loader.MainMethodRunner.run(MainMethodRunner.java:49) ~[paperflow-api-0.0.001-SNAPSHOT.jar:0.0.001-SNAPSHOT] at org.springframework.boot.loader.Launcher.launch(Launcher.java:95) ~[paperflow-api-0.0.001-SNAPSHOT.jar:0.0.001-SNAPSHOT] at org.springframework.boot.loader.Launcher.launch(Launcher.java:58) ~[paperflow-api-0.0.001-SNAPSHOT.jar:0.0.001-SNAPSHOT] at org.springframework.boot.loader.JarLauncher.main(JarLauncher.java:65) ~[paperflow-api-0.0.001-SNAPSHOT.jar:0.0.001-SNAPSHOT] Caused by: org.springframework.boot.web.server.WebServerException: Unable to start embedded Tomcat server at org.springframework.boot.web.embedded.tomcat.TomcatWebServer.start(TomcatWebServer.java:229) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.web.servlet.context.WebServerStartStopLifecycle.start(WebServerStartStopLifecycle.java:44) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.context.support.DefaultLifecycleProcessor.doStart(DefaultLifecycleProcessor.java:179) ~[spring-context-6.0.11.jar!/:6.0.11] ... 19 common frames omitted Caused by: java.lang.IllegalArgumentException: standardService.connector.startFailed at org.apache.catalina.core.StandardService.addConnector(StandardService.java:235) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.springframework.boot.web.embedded.tomcat.TomcatWebServer.addPreviouslyRemovedConnectors(TomcatWebServer.java:282) ~[spring-boot-3.1.3.jar!/:3.1.3] at org.springframework.boot.web.embedded.tomcat.TomcatWebServer.start(TomcatWebServer.java:213) ~[spring-boot-3.1.3.jar!/:3.1.3] ... 21 common frames omitted Caused by: org.apache.catalina.LifecycleException: Protocol handler start failed at org.apache.catalina.connector.Connector.startInternal(Connector.java:1046) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.catalina.util.LifecycleBase.start(LifecycleBase.java:183) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.catalina.core.StandardService.addConnector(StandardService.java:232) ~[tomcat-embed-core-10.1.12.jar!/:na] ... 23 common frames omitted Caused by: java.net.BindException: Permission denied at java.base/sun.nio.ch.Net.bind0(Native Method) ~[na:na] at java.base/sun.nio.ch.Net.bind(Net.java:565) ~[na:na] at java.base/sun.nio.ch.ServerSocketChannelImpl.netBind(ServerSocketChannelImpl.java:344) ~[na:na] at java.base/sun.nio.ch.ServerSocketChannelImpl.bind(ServerSocketChannelImpl.java:301) ~[na:na] at org.apache.tomcat.util.net.NioEndpoint.initServerSocket(NioEndpoint.java:247) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.tomcat.util.net.NioEndpoint.bind(NioEndpoint.java:202) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.tomcat.util.net.AbstractEndpoint.bindWithCleanup(AbstractEndpoint.java:1278) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.tomcat.util.net.AbstractEndpoint.start(AbstractEndpoint.java:1364) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.coyote.AbstractProtocol.start(AbstractProtocol.java:633) ~[tomcat-embed-core-10.1.12.jar!/:na] at org.apache.catalina.connector.Connector.startInternal(Connector.java:1043) ~[tomcat-embed-core-10.1.12.jar!/:na] ... 25 common frames omitted