DNV has announced the acquisition of CyberOwl, a provider of cyber risk monitoring and threat management services for maritime vessels.
The terms of the deal have not been disclosed.
“Digital technologies must continue to scale for a safer, more efficient and greener maritime industry. But the benefits of digitalisation and automation cannot be realised without a robust approach to cyber security,” said Remi Eriksen, Group President and CEO, DNV.
“That’s why DNV has placed cyber security at the heart of its growth strategy. Together, DNV and CyberOwl will reduce cyber risks and strengthen compliance across the maritime supply chain with services that support all aspects of an organisation’s cyber security needs and manage risk at every stage of a vessel’s lifecycle.”
CyberOwl provides analytics to identify, monitor and manage cyber threats, and evidence regulatory compliance. The company’s Medulla platform and managed security services are used by vessels to discover and maintain asset inventories, monitor for escalating cyber risks, know when crew are behaving insecurely, and evaluate the effectiveness of security controls and cyber security policies.
“DNV and CyberOwl are on a mission to help the shipping industry boost its security posture by combining cyber security expertise with longstanding experience in the industry’s technical, operational and commercial realities” said Daniel Ng, CEO, CyberOwl.
“DNV has 160 years of maritime heritage, strong engineering expertise and a growing portfolio of cyber security services. These, coupled with CyberOwl’s deep expertise in threat monitoring and incident management, provide a powerhouse for advancing cyber-physical safety, sustainability and resilience in the sector.”
The acquisition will expand DNV’s maritime cyber security portfolio, following the creation of its DNV Cyber unit earlier this year through the merger of its existing cyber security business with two recently acquired companies, Nixu and Applied Risk.
The maritime cyber division will operate a presence in five locations – Oslo, London, Singapore, Hamburg and Piraeus – though DNV notes that CyberOwl will be operated separately to its ship classification business.
