DNV will acquire the industrial cyber security specialist Applied Risk, thus creating the world’s largest industrial cyber security practice.
The aim is to defend critical infrastructure against emergent cyber threats, in a time where threats to industrial cyber security are becoming more common.
Applied Risk and DNV will operate together under the DNV brand. A combined team from both companies will be tasked with scaling a merged cyber security business with ambitions for significant growth by the end of 2025.
Industrial assets such as windfarms, oil and gas infrastructure, ships, manufacturing facilities and medical equipment, are now at higher risk of new forms of cyber-attack as their control systems become increasingly connected. Life, property and the environment are at stake
said Remi Eriksen, Group President and CEO, DNV.
Attacks are becoming increasingly dangerous. In fact, Gartner forecasts that cyber criminals will go beyond making attacks for financial gain this decade, and progressively weaponize industrial control systems to cause harm to human life.
Furthermore, according to Forrester Research, 63% of organizations within industrial sectors said the safety of their employees was highly or critically impacted by cyber security breaches.
As a matter of fact, Bureau Veritas and Vestas have both been impacted by cyber attacks recently, affecting their operations.
We will combine the strengths of Applied Risk and DNV with significant investments in security research and innovation to build and grow a cutting-edge industrial cyber security business that helps our customers outpace new threats posed by cyber criminals
mentioned Jalal Bouhdada, CEO, Applied Risk, with Liv Hovem, CEO of DNV’s Accelerator, adding that:
We will also welcome more talent into the business as we grow, offering the opportunity to work on some of the world’s most advanced and complex cyber security projects
