DNV aims to boost cyber security in energy sector through Applied Risk acquisition

Facebook
Twitter
LinkedIn
Reddit
Email
Jalal Bouhdada, CEO of Applied Risk, and Liv Hovem, CEO of DNV Accelerator. Image: DNV.

Assurance and risk management provider DNV is acquiring cyber security firm Applied Risk as it looks to build a security practice focused on defending industrial assets against emergent cyber threats.

Netherlands-based Applied Risk was established in 2012 and has a client portfolio spanning sectors including energy, utilities, manufacturing and transport.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Post-acquisition, its team will join forces with DNV’s cyber security specialists, who work with governments and corporations to keep projects and operations secure.

Citing research from cyber security firm Fortinet, DNV said 90% of companies in the manufacturing, energy and utilities, healthcare and transportation sectors suffered an attack on the computing systems managing their industrial operations during 2020.

“Industrial assets such as wind farms, 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,” said DNV CEO Remi Eriksen.

The acquisition follows DNV publishing guidelines aimed at defending power grid substations from cyber attacks. When that recommended practice was released in September, DNV made reference to an attack on a host of Ukraine’s power grid substations in 2015 that left around 250,000 without power.

In the US, an initiative announced last year has brought together government bodies and the private sector to identify best practices for solar cyber security.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA