The manufacturing sector is rife with unprotected Web of Issues (IoT) sensors and gadgets, a lot of them built-in into enterprises’ mission-critical techniques. The ensuing gaps make operations know-how (OT) and knowledge know-how (IT) networks weak to devastating cyberattacks.
Visibility is essential. Shivan Mandalam, director of product administration for IoT safety at CrowdStrike, informed VentureBeat that “it’s important for organizations to get rid of blind spots related to unmanaged or unsupported legacy techniques. With better visibility and evaluation throughout IT and OT techniques, safety groups can rapidly establish and handle issues earlier than adversaries exploit them.”
Honeywell’s acquisition of Israel-based SCADAfence, a number one supplier of OT and IoT cybersecurity options, is only one instance of the manufacturing trade attempting to catch up, shut these gaps and defend towards rising numbers of ransomware assaults.
Manufacturing: An trade below siege
Something that stops a store flooring from working can rapidly price a enterprise thousands and thousands of {dollars}. That’s why ransomware assaults on producers generate thousands and thousands in payouts. Lots of of producers pay ransomware calls for with out disclosing that reality to clients.
Gartner predicts that the monetary influence of cyber-physical system (CPS) assaults will attain greater than $50 billion by 2023. Restoration from a typical manufacturing breach prices $2.8 million. Not solely that: Almost 9 in 10 producers which have suffered a ransomware assault or breach have additionally had their provide chains disrupted.
Honeywell acquires SCADAfence to shut the hole
Honeywell’s SCADAfence acquisition offers the manufacturing large “with further know-how and experience that assist speed up our innovation roadmap … and help quickly evolving buyer necessities,” Michael Ruiz, GM of Honeywell Cybersecurity Companies, stated in a current interview with VentureBeat.
The acquisition will ship an built-in platform to producers, course of industries and infrastructure suppliers at a time when assaults are escalating.
“SCADAfence is a perfect complement to Honeywell’s OT cybersecurity portfolio, and when mixed with the Honeywell Forge Cybersecurity+ suite, it permits us to supply an end-to-end resolution with applicability to asset, website and enterprise throughout key Honeywell sectors,” stated Ruiz.
Key focus areas embody asset discovery, menace detection and compliance administration, he informed VentureBeat. “Our plan is to have the SCADAfence product portfolio combine into the Honeywell Forge Cybersecurity+ suite inside Honeywell Linked Enterprise, Honeywell’s fast-growing software program arm with a strategic deal with digitalization, sustainability and OT cybersecurity SaaS choices and options.”
Constructing on course of evaluation and integration experience
Identified for its course of evaluation and integration experience, Honeywell is concentrating on the way it can benefit from its strengths in these areas and obtain scale rapidly with the brand new acquisition.
“This integration will allow Honeywell to supply an end-to-end enterprise OT cybersecurity resolution to website managers, operations administration and CISOs in search of enterprise safety administration and situational consciousness,” stated Ruiz.
SCADAfence CEO Elad Ben Meir additionally commented on the synergies between the businesses. “We’re thrilled to hitch Honeywell as we work in direction of fulfilling our mission of empowering industrial organizations to function securely, reliably and effectively,” Ben Meir stated in a press launch. “This mixture creates a big alternative for development, permitting us to mix our top-tier OT cybersecurity merchandise with one of many world’s main firms in industrial software program.”
The deal expands Honeywell’s cybersecurity middle of excellence in Tel Aviv, the place SCADAfence is headquartered. Ruiz informed VentureBeat that one of the worthwhile facets of the acquisition is that Honeywell will be capable to “practically double our analysis and growth for OT cybersecurity, in all probability turning into one of many bigger OT cybersecurity analysis and growth organizations on the market.”
Why Honeywell moved to accumulate SCADAfence
The IBM Safety X-Pressure Menace Intelligence Index discovered that manufacturing is essentially the most attacked trade worldwide: The sector accounted for 23% of all ransomware assaults final 12 months. Greater than six in 10 breach makes an attempt on producers first focused OT techniques important to manufacturing operations.
Analysis agency Dragos predicts that ransomware assaults on industrial organizations will speed up this 12 months. Dragos’ most up-to-date Industrial Ransomware Assault Evaluation from Q2 2023 discovered that 47.5% of ransomware assaults tracked globally impacted industrial organizations and infrastructure in North America, a rise of 27% during the last quarter.
All informed, seven out of 10 ransomware assaults in Q2 had been geared toward manufacturing, adopted by the commercial management techniques (ICS) gear and engineering sector, which accounted for 16% of assaults.
The speedy rise in Fileless malware assaults displays this development. Fileless malware is designed to evade detection by cloaking its presence utilizing legit instruments. Kurt Baker, senior director of product advertising for CrowdStrike Falcon Intelligence, writes that “fileless malware is a sort of malicious exercise that makes use of native, legit instruments constructed right into a system to execute a cyber-attack. Not like conventional malware, fileless malware doesn’t require an attacker to put in any code on a goal’s system, making it exhausting to detect. This fileless strategy of utilizing native instruments to conduct a malicious assault is typically known as residing off the land or LOLbins.”
Closing OT/IoT blind spots
Safety suppliers are upping their video games.
Final 12 months at Fal.Con 2022, CrowdStrike augmented Falcon Perception, launching Falcon Perception XDR and Falcon Uncover for IoT that focus on safety gaps in and between industrial management techniques (ICSs).
Ivanti, for its half, has efficiently launched 4 options for IoT safety: Ivanti Neurons for RBVM, Ivanti Neurons for UEM, Ivanti Neurons for Healthcare — which helps the Web of Medical Issues (IoMT) — and Ivanti Neurons for IIoT primarily based on the corporate’s Wavelink acquisition, which secures Industrial Web of Issues (IIoT) networks.
Different main suppliers providing IoT cybersecurity options embody AirGap Networks, Absolute Software program, Armis, Broadcom, Cisco, CradlePoint, CrowdStrike, Entrust, Forescout, Fortinet, Ivanti, JFrog and Rapid7.
AI and cybersecurity
Airgap Networks has created one of the revolutionary approaches to closing the OT-IT hole. Its Zero Belief Firewall (ZTFW) combines agentless microsegmentation, safe entry for crucial property and community and asset intelligence. Airgap’s distinctive method offers its clients with the choice of totally segmenting legacy servers, ICS, IoT and personal 5G endpoints. The platform can even combine right into a operating community with out brokers, {hardware} upgrades or main machine modifications.
VentureBeat interviewed Ritesh Agrawal, CEO of Airgap Networks, instantly following its launch of ThreatGPT, the corporate’s ChatGPT integration with the Airgap Zero Belief Firewall. Agrawal informed VentureBeat: “As a result of ThreatGPT is totally built-in into the core of the ZTFW structure, our clients can use all obtainable information to coach the fashions. I consider we’re first to market with this.”
ThreatGPT makes use of graph databases and GPT-3 fashions to assist SecOps groups acquire new menace insights. The GPT-3 fashions analyze pure language queries and establish safety threats, whereas graph databases present contextual intelligence on endpoint visitors relationships.
Agrawal informed VentureBeat that, “IoT places loads of strain on enterprise safety maturity. Extending zero belief to IoT is difficult as a result of the endpoints differ, and the setting is dynamic and crammed with legacy gadgets.”
Requested how producers and different high-risk trade targets may get began, Agrawal suggested that “correct asset discovery, microsegmentation and identification are nonetheless the best reply, however the right way to deploy them with conventional options when most IoT gadgets can’t settle for brokers? Because of this many enterprises embrace agentless cybersecurity like Airgap as the one workable structure for IoT and IoMT.”
By Louis Columbus
Initially printed by way of: VentureBeat
