KPMG and KONGSBERG have joined forces to help the industry address these threats and harness the business potential of digitalization.
With the first waves of digitalization hitting the international shipping industry, new and exciting opportunities arise – and cyber threats emerge. KPMG and KONGSBERG have joined forces to help the industry address these threats and harness the business potential of digitalization.
The international shipping industry carries around 90 percent of world trade. At any given time, about 50,000 ships are at sea or in port. As new technologies push the industry forward at a rapid pace, new threats arise. And increasing interconnectivity is exposing the sector's infrastructure to more and more cyber vulnerabilities. This means the maritime industry is heavily exposed to cyberattacks and threats that may have severe repercussions: This year alone, cybercrime is estimated to cost around $600 billion globally.
Cybersecurity and the maritime industry
- Globally, almost 17 million cyberattacks occur every week.
- In 2018, cybercrime is estimated to cost around $600 billion globally.
- Among the greatest threats are malware like WannaCry and NotPetya, data breaches, phishing, social engineering and insider threats, hacking and hacktivism, weaponization of artificial intelligence and human error.50,000 ships in the maritime transport industry remain highly exposed to cyberattacks.
- The International Maritime Organization (IMO) has made cyber risk management onboard ships mandatory by 2021.
Today's cyber risk posture in the maritime sector demands an active approach, as does upcoming regulations. We need to identify the greatest cyber risks and address them in the most cost-effective way. This asks for scalable and data-driven solutions to automatically detect and address risks.
No more than you would climb Mount Everest without bringing a first aid kit, should you digitalize without thinking about cybersecurity
"No more than you would climb Mount Everest without bringing a first aid kit, should you digitalize without thinking about cybersecurity, states Hege Skryseth, President, Kongsberg Digital and continues. KONGSBERG has a long history of delivering world-class security solutions to a broad specter of industries, and by joining forces with KPMG, we can ensure our cybersecurity and risk management solutions stay on top of the constantly changing threat landscape."
A cutting-edge collaboration
By combining KONGSBERG’s expertise within marine technology and digital ecosystems with KPMG’s top-level knowledge of cybersecurity advisory and digital risk management, we help you navigate through the digital threats to harness the tremendous business potential provided by digitalization. We provide innovative, data-driven digital services that identify and address cyber risk to keep you ahead of the curve.
Would you like to learn more?
For more information about the step-change in your maritime cyber risk management practices and the immediate benefits of KPMG’s and KONGSBERG’s solutions for your organization, download our whitepaper and get in touch.