Lloyd’s Register has acquired cyber security specialists Nettitude.
April 4, 2018 CYBER SECURITY
cyber security in maritime
Cyber security is on the boardroom agenda as organisations worldwide seek to improve their resilience against a backdrop of high-profile, and increasingly sophisticated cyber-attacks. The number of breaches is up an average 27.4% year on year1 and 86% of companies around the world reported experiencing at least one cyber incident in 2017.
Founded in 2003, Nettitude is an award-winning provider of cyber security, compliance, infrastructure and managed security services to organisations worldwide and employs 140 cyber security specialists globally.
The acquisition strengthens LR’s existing broad portfolio of cyber security services spanning certification, compliance, training, auditing and security consulting to now include penetration testing, information security consulting, managed security services and incident response. Together, Nettitude and LR now provide a complete suite of cyber security assurance services to help clients identify, protect, detect, respond and recover from cyber threats.
cyber security in maritime
The need for cyber security solutions and growth in cyber security is driven by three broad areas:
- Industry 4.0 [IR4]
- As we move towards a more automated, integrated and interdependent, data driven economy, the risk of cyber-attack increases.
- Cyber-attacks are non-discriminatory
- Cyber-attacks are now targeting a broader spectrum of industries and companies – irrespective of their size and geographical location.
- Regulatory
- The regulatory focus on cyber security is increasing, with wide-ranging compliance requirements against standards, schemes and local legislation.
Alastair Marsh, Chief Executive Officer, Lloyd’s Register commented: “This is an important acquisition for Lloyd’s Register to enhance our capability in assuring the increasingly complex supply chains in which we operate. Information and operational technology security is a key concern for our clients across all sectors, as we see increasing dependencies on technology and challenges created by Industry 4.0.”