Wednesday, June 19, 2019
News
NEWS HOME
PRN INDIA
Industrial firms deploy security strategy around IIOT, amidst rising cyber threats to industrial architecture, says Frost & Sullivan
  SocialTwist Tell-a-Friend  
   

Increasingly stringent regulations globally, drive adoption of cyber security solutions

SINGAPORE, May 24, 2019 /PRNewswire/ -- The attacks on industrial systems and the industrial controls systems (ICS) architecture could range from physical impact, such as damage to the infrastructure, production downtime, loss of revenue, and hefty fines, to more severe consequences, such as injuries and even loss of life. In order to address the growing sophistication of attacks, vendors are offering security solutions across the Industrial Internet of Things (IIoT) architecture and not just for information/operational technology (IT/OT) networks.

"Industrial firms prefer to deploy security solutions that have security embedded in the design stage, which ensures higher protection," said Divya Prasad, Senior Industry Analyst, Digital Transformation, Asia-Pacific at Frost & Sullivan.

"Cybersecurity firms are focusing on delivering 'Security by Design' by incorporating features such as password protection, multifactor authentication, and other strong security functions," she noted.

Frost & Sullivan's recent analysis, Asia-Pacific Industrial Internet of Things (IoT) Security Industry Guide, provides an understanding of cyber security implications in an IIoT and ICS environment. It presents key demand drivers, trends and challenges impacting this space, as well as profiles of key vendors.

For further information on this analysis, please visit: http://frost.ly/3h4

With stringent regulations such as Health Insurance Portability and Accountability Act (HIPAA), General Data Protection Regulation (GDPR), and others such as new cyber security laws in China and Vietnam are exerting pressure on cyber security professionals.

In Singapore and China, 11 critical infrastructure (CI) sectors including aviation, banking and finance, government, healthcare, infocommunications, and media are required to conduct risk assessments at least once a year. This presents a huge opportunity for security service providers to meet the needs of CIs," noted Prasad.

For further growth opportunities, cybersecurity solution providers may look to:

  • Develop solutions that will augment operational systems, with particular focus on facilitating more connections between the physical process and the Internet.
  • Integrate software and smart devices with legacy ICS to ensure higher efficiencies.
  • Adopt stringent and well developed security measures to stay compliant.
  • Incorporate the security features at the concept ideation stage and deploy a multilayered security platform.

Asia-Pacific Industrial Internet of Things (IoT) Security Industry Guide is part of Frost & Sullivan's global Cybersecurity Growth Partnership Service program.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Asia-Pacific Industrial Internet of Things (IoT) Security Industry Guide
PA66-74

Contact:

Melissa Tan
Corporate Communications – Asia-Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

http://www.frost.com

More News by PR Newswire India

Capsave Finance Pvt Ltd. posts net profits in second year of operations

Libyan Sovereign Wealth Fund Refused Permission to Appeal

Frost & Sullivan Global Survey Outlines the Next Wave of Technology Disruptors

Aeroflot Named Best Airline in Eastern Europe for Eighth Time at Skytrax World Airline Awards 2019

Arria NLG and UiPath push digital transformation and automation forward with new strategic partnership

Piramal Pharma Solutions recognized by Frost & Sullivan for its End-to-End Integrated Services Across the Entire Drug Development Life Cycle

Cendyn announces strategic follow on equity investment from Accel-KKR

Brickwork Finance Academy Proudly Conferred the Seventh Convocation and Announced the Eighth Inaugural of its Banking and Financial Analyst Certification Program

Publicis Sapient Announces John Maeda as Chief Experience Officer

Art of the Wild Comes to Life in Paris at the Extravagant Launch of HyperNature, an Event by Perrier-Jouët

Hatsun Agro Product Ltd – Update on Start of Cattle Feed Production in Maharashtra and Expansion of Company Retail Outlets

SubAir Could be a Solution to the Wet Outfields of the Cricket World Cup

US Army deploys Howler counter-UAS capability into the battlefield

LyondellBasell and Neste announce commercial-scale production of bio-based plastic from renewable materials

Casio has Inducted a Market Sweep Action in Kolkata

Global 3D Print Materials Market for Healthcare Industry Set for Quantum Change and 20.3% CAGR Growth from 2018 to 2025

The Republic of Ecuador Announces the Results of Its Invitation for Offers to Tender for Cash Its 2020 Notes

Amazon India Emerges as the Country's Most Attractive Employer Brand Followed by Microsoft India: Randstad Employer Brand Research 2019

ColorTokens Takes Zero Trust Security to a New-generation by Unifying Network and Endpoint Security Into a Single, Cloud-delivered Platform

Companies with a strong travel culture have a competitive advantage: New research from Harvard Business Review Analytic Services in association with Egencia

Thomas Wittek Appointed as R. STAHL India MD and Board Member

RateGain Acquires BCV to Help Hotel Chains Maximize Guest Lifetime Value

Wise MPay Partners With Jelurida to Launch Blockchain Financial Services Platform in Southeast Asia

India's SME-focused Digital Neo Bank EZOTO Gearing up for Launch in June 2019

Aiozium Launched SaaS-based Marketing Intelligence Tool Powered by AI

TV18 Broadcast India Upgrades its Newsgathering Operations with Over 100 LiveU LU600 HEVC Units

Exotel Turns Eight, Eyes the Global Customer Communication Market

Comscore Appointed as Official Digital Partner for Ad Rates in India

Ciao Green Collaborates With ICICI Home Finance to Design 140 Branches Across India

Golden State Killer Case Selected As 2019 DNA Hit Of The Year

Artprice (New York) - Thierry Ehrmann: Patrick Drahi's Acquisition of Sotheby's Confirms the Art Market's Entry Into the Digital Era of the 21st Century

Citi, Societe Generale, DNB and other leading international banks promote greener global shipping through new principles

Bitdefender Expands APAC Presence With New Strategic Hire

IGP (Israel Growth Partners) Together With Its Major LPs Invest $110M in Cellebrite

The HONOR 20 Color Report: 'Positivity' in Vogue in Fashion Capitals London and Milan

LONGi ranked the most financially stable PV manufacturer by Bloomberg NEF

GCL System Integration Among First Companies Awarded LeTID test Certificate from TÜV Rheinland

Canopy Growth provides update on international operations and activities

Polygoons, Inc Enhances its Augmented and Virtual Reality Technology

Coursmy Launches Global Live and Video E-learning Marketplace Platform

6th Anniversary of BTC Futures Trading, OKEx Enhanced Risk Management System for a Better "Future"

DLF CYBERHUB and AMPM Café Celebrated Father's Day With Harley-Davidson Riders

Thailand's surge in IMD competitiveness list reflects dynamic economy, says BOI

TB Joshua to Host Meeting in Nazareth, Israel

OPPO Roars for Team India; Released Song ‘Jeet Pe Apna Haq Hai’ Created With Fans’ Heartbeats

From Black Hole Imaging to NASA Climate Research - Supermicro High-Performance Systems Support Major Scientific Discovery & Exploration Even to Distant Galaxies

Seamless Air Alliance showcases technologies enabling the future of inflight connectivity at Paris Air Show 2019

Sino-Russian (Harbin) economic and trade index launched to serve as barometer of bilateral trade

Danone and Migros CEOs Elected New Co-Chairs of The Consumer Goods Forum Board

Anant National University Welcomes its New Provost, Dr Anunaya Chaubey

One Man's Dream - India's Digital Awakening

Snehal Nagarsheth Joins Anant National University as Dean, School of Architecture

Systech and Toppan Sign Partnership Agreement to Deliver Brand Protection Solutions Worldwide

Top 10 Disruptive Digital Media Houses to Watch Out for in 2019-20

The 2019 China and South Asia Aviation Trends Forum Promotes Common Development through Interconnection and Cooperation

edelkrone Introduces Their First ORTAK Product

Health Horizons' Original Recipes Transform the Hemp Industry

FE CREDIT, Focussed on First Time Card Users in Vietnam, Crosses the One Million Cards Milestone and Gets the "Best in Card Acquisition" Award from Mastercard.

SALT Announces Its Signature Global Thought Leadership Conference In Abu Dhabi, UAE

The Cost of Anti-Money Laundering Compliance in Asia Pacific Region Increased 10% in Past 24 Months, Finds Study by LexisNexis Risk Solutions

Kemin Launches New Vision and Logo for the Future

Rove At The Park Opens Doors to a Thrilling Lifestyle Experience in Dubai Parks and Resorts

 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
INDIA WORLD ASIA
Petition seeks Karnataka HC's interventi...
Kerala govt honours 21 school dropout tr...
Telangana: 2 'chaddi gang' members detai...
BJP, casino lobby trying to oust Goa Con...
Gujarat RS seats: Congress moves SC agai...
KCR meets Jagan, invites him for Kaleshw...
More...    
 
 Top Stories
Two unidentified bodies recovered o... 
Lukaku has to leave Manchester Unit... 
Rumours rife on Lampard's imminent ... 
Bollywood push for Hollywood franch... 
LG CNS, Microsoft to develop Cloud-... 
Sensex, Nifty end marginally higher... 
HMD Global moving all user data to ... 
Mamata to skip all-party meet, dema...