Xage Launches Patented Security Solution to Protect Energy Industry Against Mounting Cyberattacks
May. 14, 2018
PALO ALTO, Calif., May 14, 2018 (GLOBE NEWSWIRE) -- Xage Security announces Xage for Energy, the first industrial solution to incorporate Xage’s new patented, tamperproof fingerprinting technology. Xage for Energy applies distributed and scalable security to existing legacy systems, enabling energy companies to solve operational and security challenges arising from increasing levels of connectivity and cyberattacks.
Energy companies are reliant on security systems that are not equipped to handle the scale and complexity of the industrial internet of things (IIoT). Not only are legacy systems unable to protect themselves against increasing cyberattacks, currently growing by 250 percent a year, even the existing attempts to provide some security through network configuration require ever more time and resources to manage. To achieve secure and efficient operations, energy companies must apply scalable application-layer solutions that protect against single points of security failure.
"To adopt IoT connectivity without gross security risk, distributed tamperproofing is needed. Otherwise the benefits of IoT will be wiped out by the costs of cybersecurity outages,” says Duncan Greatwood, CEO of Xage. “The cost of each cyberattack in crew time, equipment updates, restart expenses and production delays is many times the price of effective cyber defence – and the risk of a larger attack wiping out production across thousands of wells, solar facilities or wind farms makes connected, tamperproof systems a necessity."
The Xage security fabric already enables remote authentication and secure device access, allowing operators to add, remove, and control resources securely. Xage for Energy utilizes fingerprinting technology to extend tamperproofing to the thousands of controllers and devices making up distributed energy operations. If an unauthorized change is made, the Xage fabric will flag and isolate the affected device, securing the network against malware attacks that are otherwise undetectable.
Xage for Energy benefits include:
-- Xage Systemic Tamperproofing blocks cyberattacks against HMI/DCS/RTU/SCADA systems -- Edge Authentication & Identity enables any-to-any application-level security, access control, and data exchange, maximizing uptime and protecting against rogue devices. -- Role-Based Access Control (RBAC) and auditable remote maintenance resolves problems, minimizes downtime and saves on truck rolls. -- Device Lifecycle Management enables device discovery, enrollment, and lifecycle management, with no preconfiguration or staging required. -- Secure IoT operation in the field shortens / eliminates production outages, even in the face of intermittent network connectivity.
"As the industry moves to benefit from IoT productivity improvements, digitization of upstream, midstream, and downstream assets has become commonplace,” said Chuck Drobny, President and CEO, GlobaLogix. “While new installs provide more robust data and superior control, there are important cybersecurity concerns for new and legacy systems that Xage's technology addresses."
About XageThe Xage Security Suite is the first and only blockchain-protected security platform for the Industrial Internet of Things (IIOT). Xage creates the essential trusted foundation for secure interactions between machines, people, and data. Advancing beyond traditional security models, Xage distributes authentication and private data across the network of devices, creating a tamper-proof “fabric” for communication, authentication and trust that ensures security at scale. Xage supports any-to-any communication, secures access to existing industrial systems, underpins continuous edge-computing operations even in the face of irregular connectivity, and gets stronger and stronger with every device added to the network. Xage customers include leaders in the largest industries, spanning energy, utilities, transportation and manufacturing.
Media ContactLaunchSquad for Xagexage@launchsquad.com415-625-8555