• Partnership will bring industrial cyber threats into a single view
• New integrated platform and first of kind OT managed service leverages analytics to centralize and unlock the value of security data
Siemens and Chronicle, an Alphabet company, today 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 U.S. technology and innovation conference. 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. Research conducted by Siemens and Ponemon Institute found that while 60 percent of energy companies want to leverage analytics, only 20 percent are utilizing any analytics to do security monitoring in the OT environment. Small and medium enterprises 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,” said Leo Simonovich, Vice President 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.”
