The maritime sector is on the verge of a digital disruption. Although digital transformation of the maritime sector is still in its infancy, it is safe to assume that digitalization will have a major impact on operations and existing business models in the years to come. New and exciting opportunities arise – and cyber threats emerge. KPMG and KONGSBERG have partnered up to help you navigate through the digital threats and harness the tremendous business potential provided by 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. Increasing interconnectivity is exposing the sector's infrastructure to more and more cyber vulnerabilities. The maritime industry is highly exposed to cyberattacks and threats that may have severe financial and reputational repercussions.
Regulatory requirements will soon come into play too. The International Maritime Organization (IMO) demands ship owners and managers to have incorporated cyber risk management into ship safety by 2021. Lack of compliance with these requirements may lead to increased insurance process, port access denial and even detention of ships, meaning huge financial losses for their owners.
Read more about KPMG and KONGSBERG's approach and solutions for maritime cyber risk management in our whitepaper Maritime license to operate at risk (PDF, 135 KB).
Cybersecurity and the maritime industry
- Globally, almost 17 million cyberattacks occur every week.
- In 2018, cybercrime was 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.
Today's cyber risk posture in the maritime sector demands an active approach, as does upcoming regulations. Players in the shipping industry 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 manage, detect and address risks in a consistent and transparent way.
«No more than you would climb Mount Everest without bringing a first aid kit, should you digitalize without thinking about cybersecurity. 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.» – Hege Skryseth, President of Kongsberg Digital and Executive Vice President of KONGSBERG.
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. Welcome on board!
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.