Sunday 16 June 2019
 
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Siemens, Chronicle join forces to protect energy infrastructure

DUBAI, 25 days ago

Siemens and Chronicle, an Alphabet company, have announced a new partnership to protect the energy industry’s critical infrastructure from increasingly sophisticated and malicious industrial cyber threats at Spotlight on Innovation, Siemens flagship US technology and innovation conference.

Chronicle’s Backstory, a global security telemetry platform for investigation and threat hunting, will be the backbone of Siemens managed service for industrial cyber monitoring, including in both hybrid and cloud environments.

This combined solution enables security across the industry’s operating environment – from energy exploration and extraction to power generation and delivery.

Through a unified approach that will leverage Chronicle’s Backstory platform and Siemens’ strength in industrial cyber security, the combined offering gives energy customers unparalleled visibility across information technology (IT) and operational technology (OT) to provide operational insights and confidentially act on threats.

The energy industry has historically been unable to centrally apply analytics to process data streams, cost-effectively store and secure data, and identify malicious threats within OT systems, said a statement from Siemens.

Research conducted by Siemens and Ponemon Institute found that while 60 per cent of energy companies want to leverage analytics, only 20 per cent are utilising any analytics to do security monitoring in the OT environment.

Small and medium enterprises (SMEs) are particularly vulnerable to security breaches as they frequently do not have the internal expertise to manage and address increasingly sophisticated attacks.

“The innovative partnership between Siemens and Chronicle demonstrates a new frontier in applying the power of security analytics to critical infrastructure that is increasingly dependent on digital technology,” observed Leo Simonovich, VP and Global Head, Industrial Cyber and Digital Security at Siemens Gas and Power.

“Cyber-attacks targeting energy companies have reached unprecedented speeds, and our cutting-edge managed service unlocks the analytics ecosystem offers a new level of protection from potential operational, business and safety losses,” he stated.

Ansh Patnaik, Chief Product Officer, Chronicle, said: "Energy infrastructure is an obvious example of cyber-attacks affecting the physical world and directly impacting people’s lives."

“Backstory’s security telemetry processing capabilities, combined with Siemens’ deep expertise, gives customers new options for protecting their operations,” stated Patnaik.

The partnership between Siemens and Chronicle will help energy companies securely and cost-effectively leverage the cloud to store and categorize data, while applying analytics, artificial intelligence, and machine learning to OT systems that can identify patterns, anomalies, and cyber threats, he added.-TradeArabia News Service




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