ORLANDO, Fla.--(BUSINESS WIRE)--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.”
“Energy infrastructure is an obvious example of cyber-attacks affecting the physical world and directly impacting people’s lives,” said Ansh Patnaik, Chief Product Officer, Chronicle. “Backstory’s security telemetry processing capabilities, combined with Siemens’ deep expertise, gives customers new options for protecting their operations.”
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. 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.
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Siemens Gas and Power (GP) is a global pacesetter in energy, helping customers to meet the evolving demands of today’s industries and societies. GP comprises broad competencies across the entire energy value chain and offers a uniquely comprehensive portfolio for utilities, independent power producers, transmission system operators and the oil and gas industry. Products, solutions and services address the extraction, processing and the transport of oil and gas as well as power generation in central and distributed thermal power plants and power transmission in grids. With global headquarters in Houston in the U.S. and more than 64,000 employees in over 80 countries, Siemens Gas and Power has a presence across the globe and is a leading innovator for the energy systems of today and tomorrow, as it has been for more than 150 years.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2018, which ended on September 30, 2018, Siemens generated revenue of €83.0 billion and net income of €6.1 billion. At the end of September 2018, the company had around 379,000 employees worldwide. Further information is available on the Internet at www.siemens.com.