Managing Cyber Risk Pivotal for Safe Maritime Digitalization Push, DNV Finds

November 13, 2024

A new report published by DNV has revealed that the majority (61%) of maritime professionals believe the industry should accept increased cyber risk from digitalization if it enables innovation and new technologies.

The sector’s appetite to take on emerging risks arising from digital transformation is notably higher than other critical infrastructure industries including energy, manufacturing and healthcare, according to DNV.

© LailaBee / Adobe Stock
© LailaBee / Adobe Stock

The industry’s increasing appetite for cyber risk comes at a time when it must manage a growing volume of vulnerabilities.

Namely, seven in 10 (71%) of the almost 500 maritime professionals surveyed by DNV believe their organizations’ industrial assets are more vulnerable to cyber-attacks than ever before, while the same proportion (71%) say the leaders of their organizations consider cyber security to be the greatest risk their business faces.

“In the maritime industry, we must match our ambitions for digital transformation and decarbonization with a steadfast commitment to securing our people, the vessels and the systems we rely on.

“Cyber-attacks represent a growing threat to the safety of the maritime industry today. We can innovate, progress, and take a lead in ensuring the resilience of our businesses and societies, but only if we truly manage cyber risk,” said Knut Ørbeck-Nilssen, CEO Maritime at DNV.

Ship owners, ports, and the entire maritime value chain are increasingly reliant on ever more connected digital technologies as the industry transforms to become greener, safer, and more efficient.

Maritime professionals point to advanced data analytics, the internet of things, AI & machine learning, high-bandwidth satellite communications, and autonomous operations as presenting the greatest opportunities for their businesses in the coming years.


Maritime Interconnectivity as Gate for Cyber Attacks


While interconnectivity and new technologies bring opportunities, they also make the industry more vulnerable to cyber-attacks. Maritime professionals are confident the industry is managing the risk. More than eight in 10 (83%) say their organization has a good cyber security posture, and seven in 10 (71%) are confident their organization would quickly get back to business as normal following a cyber-attack.

Contributing to this confidence, almost three quarters of maritime professionals (73%) report that their organization is increasing cybersecurity spending compared to last year.

A majority say their organization has prepared against potential outcomes such as asset downtime and disruption to operations, theft of sensitive data, physical injury or loss of life, and a grounded vessel.

While industry awareness of cyber risk and cybersecurity investment have grown rapidly, there are signs of a false sense of security within the maritime industry. Only half (53%) of those surveyed are confident their organization can demonstrate full visibility of supply chain vulnerabilities, a concern given the recent rise in cyber-attacks targeting supply chains.

Additionally, 68% believe their organization’s IT security is stronger than its operational technology (OT) security – which is linked to physical assets like sensors, programmable logic controllers (PLC), and enables automation, safety and navigation systems. Some 76% say that the cyber security training that their organization provides is not advanced enough to protect against sophisticated threats.

Concerns are heightened among maritime professionals due to geopolitical tensions but also because of growing criminal activity. One notable trend is the increase in concern related to criminal gangs that have identified the huge profit potential from ransomware attacks: 79% of maritime professionals are concerned about this risk vector, up from 56% in 2023.


Four Key Takeaways for Maritime Industry


DNV’s new report Maritime Cyber Priority 2024/25: Managing Cyber Risk to Enable Innovation, identifies four key challenges for the sector, including:

The vast majority of maritime professionals (95%) call for more collaboration on cybersecurity among organizations within critical infrastructure industries.

“The maritime industry and other critical infrastructure sectors need to take big steps forward in openly sharing cyber security experiences – the good, the bad and the ugly – to collectively create security best practice guidance,” said Svante Einarsson, Head of Maritime Cybersecurity at DNV Cyber.


If you are in New Orleans on November 13, 2024, there is still time to sign up for a free lunch and moderated conference discussion to learn more about the new U.S. Coast Guard cyber security rules and their impact on the vessel owner/operators, OEMs and shipyards. Featured speakers include:

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