Vericlave, an Austin-based cybersecurity company, has entered into a world-wide partnership with Schneider Electric, the leader in the digital transformation of energy management and automation.
Under the terms of this new agreement, Schneider Electric will provide Vericlave’s advanced encryption technology to further protect their customers’ critical IT and OT systems from the risk of cyberattack. Vericlave’s proven intrusion-prevention system overlays a zero-trust stealth model at the network perimeter and within existing infrastructure to provide a secure communication tunnel between sites and to extend layers of defense across an enterprise.
This combined solution provides customers with a layered, proactive approach to cybersecurity defense that optimizes network performance while preventing cyber threats from accessing or impacting customer systems.
“Digital transformation and the growth of IoT are giving rise to new threats that can have a massive impact on the safety, productivity and profitability of industrial operations,” said Gary Williams, senior director, cybersecurity offer management, Schneider Electric. “That means our customers must have in place a robust, nimble cybersecurity infrastructure that protects every layer of their operations. With Vericlave, we’re strengthening our customers’ ability to bolster their networks from within, while reducing system complexity and maximizing compliance, profitability, and overall business performance.”
The solution was developed and tested by the United States Department of Defense, United States Intelligence Community and in critical infrastructure across many industry verticals for more than 20 years. Its architecture and system agnostic capabilities reduce installation, maintenance and other ownership and operating costs by 50 percent or more, and enable end users to reallocate engineering, maintenance and other resources back into the business, further reducing CapEx and OpEx spend.
“With years of industry expertise, Vericlave’s military-grade technology was developed specifically for high-pressure and harsh environments, and is designed to prevent external threats from accessing customer networks and internal threats from exploiting vulnerabilities,” said Joel Bagnal, CEO, Vericlave. “Combined with Schneider Electric’s robust cybersecurity portfolio and EcoStruxure technology, we will better safeguard industrial environments, while improving the safety and profitability of facilities worldwide.”
How It Works:
By creating cryptographically secure enclaves, the Vericlave solution shrinks the attack surface by more than 90 percent (when compared to traditional Internet Protocol Virtual Private Network solutions) to eliminate the risk of malicious actors exploiting vulnerabilities. Vericlave enables industrial end users to securely and seamlessly transfer data between their upstream and downstream operations, meaning communication across the enterprise becomes just as secure as it would be within the control room itself, thereby reducing the total cost of deployment and ownership by more than 50%. These capabilities will enable Schneider Electric to respond more aggressively to the immediate demand for operational technology cybersecurity solutions and expertise in oil and gas, power, building automation, and other industrial sectors.
Source: Company Press Release