Security Experts:

Siemens Teams With Chronicle on Cybersecurity Solutions for Energy Industry

Siemens and Alphabet-owned cybersecurity firm Chronicle this week announced a partnership whose goal is to provide industrial monitoring and detection solutions for the energy sector.

The combined offering, announced at Siemens’ Spotlight on Innovation conference, brings together Siemens cybersecurity expertise and Chronicle’s Backstory, a security telemetry platform that allows organizations to store and quickly analyze large amounts of data.

Siemens says Backstory will serve as the backbone of its managed services for monitoring hybrid and cloud environments. The combined solution is advertised as ideal for various types of organizations, including energy exploration and extraction, and power generation and delivery.

The German industrial giant pointed to one of its recent studies, which showed that while 60 percent of energy firms want to use analytics, only 20 percent are leveraging analytics for security monitoring in operational technology (OT) environments.

Learn More About Security Solutions for the Energy Sector at SecurityWeek’s 2019 ICS Cyber Security Conference

“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 of 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.”

Recent studies have shown that cyberattacks against the energy sector are higher than average and this sector has been the target of several threat groups.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.