Maritime Cyber Risk Report: Shipping Industry Remains “Easy Target”, Pays Average US$3.2m In Cyberattacks
New research has found that the maritime industry remains an "easy target"…
We help asset operators in the maritime and critical national infrastructure sectors gain visibility of systems on their remote assets, actively manage the cyber risks and gain assurance of cyber compliance.
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We really understand shipping cybersecurity
Global industry report
Shifting Tides, Rising Ransoms and Critical Decisions
Progress on maritime cyber risk management maturity
The cost of cyber attacks is on the rise. Hackers are demanding greater ransom payments than previously and those targeted have little choice but to pay the price. Latest research shows that while the number of attacks appears to have stabilised, the cost to organisations is up by nearly 200% since early 2022.
When it comes to ransom, companies are paying on average $3.2 million. But what’s most alarming, is the demand for these payments. Since 2022, the frequency of ransom payouts has risen by more than 350%.
But it is not all doom and gloom. There has been progress in addressing cyber security concerns. 83% of shoreside employees at shipping companies believe that their organisations regularly conduct cyber training and drills.
Research conducted by Thetius in collaboration with CyberOwl and HFW suggests that there is a new approach towards managing cyber risk. However, the industry remains an easy target and finding new ways to outsmart cyber criminals is an ongoing task.
Our latest report delves into the shift we are seeing in cyber security and risk management.
Helping fleet operators gain visibility, cybersecurity and cyber compliance of systems onboard vessels
Discover and maintain asset inventories.
Gain visibility of IT, IoT and OT cyber risks.
Know when the crew are behaving insecurely.
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Know when there is a cyber attack, how to take action and how urgently.
Have access to security operations expertise when needed.
Extend enterprise cyber monitoring capability to the fleet.
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Verify that your cybersecurity controls are working.
Prove to inspectors that vessels are cyber secure.
Get a free consultation
Discover and maintain asset inventories.
Gain visibility of IT, IoT and OT cyber risks.
Know when the crew are behaving insecurely.
Get a free consultation
Know when there is a cyber attack, how to take action and how urgently.
Have access to security operations expertise when needed.
Extend enterprise cyber monitoring capability to the fleet.
Get a free consultation
Verify that your cybersecurity controls are working.
Prove to inspectors that your vessels are cyber secure.
Get a free consultation
Solutions
Medulla
A cybersecurity monitoring and analytics solution, so you know which fires to put out first.
Managed Services
Supporting cybersecurity operations across a range of maturities and expertise.
Advisory Services
Helping you achieve secure digitalisation and gain compliance assurance.
What our clients say about us
“Medulla makes the asset inventory process easy... The system can infer the operating system, active services, network segment and hardware vendor of the device. This saves us time from having to perform manual investigations or do physical onboard inspections.”
Max WongHead of Digital Technology Solutions
“CyberOwl's Medulla has been able to provide us visibility of cyber risks in a way that we previously struggled with. Within days of installation, their system detected risks to our onboard systems which we were able to deal with immediately to avoid any disruptions and losses.”
Matthew MaherasIT Manager
“Our priority was to have the ability to constantly ensure that the security controls are actually in place and working effectively, as well as having an advanced monitoring solution that provides continuous visibility and situational awareness. Having Medulla and the CyberOwl team on your side delivers much more than this. It is like having an army of maritime cybersecurity specialists working for you to secure your fleet, something we would never be able to afford to build on our own.”
Konstantinos SakellakosIT Manager
“Deploying Medulla across our fleet has allowed us to understand the cyber security implications around digitalisation and improve the cyber hygiene of our fleet. Medulla also helps us evaluate the effectiveness of our existing security controls and cyber security policies in a scalable, data-driven way.”
General Manager Information Technology
“Shipboard systems are not like office systems. In order to secure the increasing number of connected onboard systems, including the connected IoT and OT systems, we needed assurance that our onboard cyber security controls are working and continuous monitoring of when they are not working as they should be. CyberOwl's Medulla gives us that visibility and ability to pinpoint the exact control that isn’t working.”
Ron FongHead of Fleet IT of Pacific Carriers Limited and POSH (members of Kuok group)
“We pride ourselves on maintaining a fleet of modern, technologically advanced vessels at Portline. To achieve this securely, CyberOwl’s Medulla helps take the heavy lifting out of getting a data-driven understanding of the cyber risks to our fleet. This builds assurance, helps me sleep easier at night and builds confidence in our digitalisation investments.”
Carlos SimõesHead of IT
“My security strategy previously relied on blocking through firewalls, endpoint security, antivirus, anti-spam, email gateway and so on. Working with CyberOwl, I now realise that effective cyber risk management requires coordinated analysis, piecing together information, to help me detect incidents early and points of weakness.”
Albert SantiagoIT Manager
“Swire Shipping”
We’re focused on protecting your maritime systems – so you can focus on your bottom line
Shifting you from reactive to predictive
CyberOwl builds on cutting-edge research that started its life at the Defence Academy of the United Kingdom and completed at Coventry University. We are on a mission to leverage data and analytics to shift asset operators towards an active cybersecurity posture.
We understand shipping
We have invested time engaging with over 100 owners and managers to understand their pain points. We have first hand experience leading ship managers to discover how visibility and intelligence reduces cyber risk and protects their bottom line.
Built for maritime environments
Our systems were built for technically challenging maritime environments. Where connectivity and bandwidth is a challenge, the crew have limited knowledge of cyber secure practices and yet need cyber risk management to be part of their localised safety management system.
Our Awards
GCHQ & National Cyber Security Centre Working directly with NCSC to develop Medulla
National Cyber Security Centre Working directly with NCSC to develop Medulla
Captain's Table Finalist in a pitch challenge focused on innovation in maritime and logistics
Innovate UK Awarded an Emerging and Enabling Technologies grant
Cyber security Awards Shortlisted for the Cyber Security Start Up of the Year
Lloyd's Shortlisted for the Lloyd's Science of Risk Prize
Techstars Accelerator World’s first MaritimeTech accelerator based in Singapore, focused on innovations in the maritime industry
Seatrade Awards Shortlisted for the Cyber Security Award
Maritime UK Award Winner of the International Trade Maritime UK Award
