Cybersecurity firm Trend Micro and industrial networking solutions provider Moxa on Thursday announced plans to form a joint venture corporation focusing on securing industrial internet of things (IIoT) environments.
The new company, TXOne Networks, will offer security gateways, endpoint agents and network segmentation solutions designed to help organizations secure, control and monitor equipment and operational technology (OT).
Each company will provide funds, intellectual capital and staff, with Trend Micro bringing cybersecurity expertise and Moxa contributing over 30 years of industrial networking and protocol expertise.
TXOne Networks aims to help secure smart manufacturing, smart city, smart energy and other IIoT environments. Trend Micro and Moxa noted that securing these types of environments is challenging considering that they require multiple layers of protection in both IT and OT networks and between them.
The new company will also offer professional services, including risk assessment, breach response, and threat intelligence from Trend Micro and the Zero Day Initiative (ZDI).
Learn More About IIoT Security at SecurityWeek’s ICS Cyber Security Conference
Trend Micro will be a majority owner in the joint venture, which will be led by Trend Micro Vice President Dr. Terence Liu.
“With this joint venture, Moxa and Trend Micro will position TXOne Networks as a global leader in the industry to create effective IIoT security solutions that help ensure IIoT applications and critical infrastructures are secure,” said Andy Cheng, Strategic Business Unit President for Moxa. “We are excited about the partnership, and industrial automation customers around the globe will be able to reap the benefits of having a holistic OT/IT security solution to protect assets and reduce operational risk.”
Related: Siemens and Tenable Partner to Protect Industrial Networks
Related: ForeScout Acquires Industrial Security Firm SecurityMatters for $113 Million in Cash
Related: Schneider Electric, Claroty Partner on Industrial Network Security
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.
More from Eduard Kovacs
- High-Severity Vulnerabilities Found in WellinTech Industrial Data Historian
- CISA Expands Cybersecurity Committee, Updates Baseline Security Goals
- Exploitation of 55 Zero-Day Vulnerabilities Came to Light in 2022: Mandiant
- Organizations Notified of Remotely Exploitable Vulnerabilities in Aveva HMI, SCADA Products
- Waterfall Security, TXOne Networks Launch New OT Security Appliances
- Hitachi Energy Blames Data Breach on Zero-Day as Ransomware Gang Threatens Firm
- New York Man Arrested for Running BreachForums Cybercrime Website
- Exploitation of Recent Fortinet Zero-Day Linked to Chinese Cyberspies
Latest News
- Backslash Snags $8M Seed Financing for AppSec Tech
- ‘Badsecrets’ Open Source Tool Detects Secrets in Many Web Frameworks
- High-Severity Vulnerabilities Found in WellinTech Industrial Data Historian
- Chrome 111 Update Patches High-Severity Vulnerabilities
- BreachForums Shut Down Over Law Enforcement Takeover Concerns
- CISA Expands Cybersecurity Committee, Updates Baseline Security Goals
- Malware Trends: What’s Old Is Still New
- Burnout in Cybersecurity – Can It Be Prevented?
