Cyberattacks Spark Demand for Industrial Security Solutions

Rhea-AI Summary

Rising cybersecurity threats to operational technology and vehicles are pushing enterprises globally to invest in advanced security solutions, as highlighted in the 2022 ISG Provider Lens™ global Manufacturing Security Solutions report.

The report indicates that cybersecurity is now a priority for industries such as manufacturing and automotive, driven by recent attacks and a shortage of skilled professionals. It reveals that companies are seeking solutions to address vulnerabilities in legacy systems and improve visibility into IoT assets.

With the automotive sector facing increasing risks—like GNSS spoofing—OEMs are leveraging emerging security technologies. The report also identifies leaders in mobility and OT security solutions, noting a trend towards big data in security applications.

Positive

• Growing investment in cybersecurity solutions indicates an expanding market opportunity.
• The report identifies leaders in mobility and operational technology security, enhancing credibility in the industry.
• Emerging technologies like machine learning are being utilized to improve security insights.

Negative

• Companies face challenges in modernizing legacy systems, leaving them vulnerable.
• A shortage of skilled cybersecurity engineers could limit the effectiveness of security measures.

Manufacturers are fortifying operational technology and vehicle platforms to close down high-risk vulnerabilities, ISG Provider Lens™ report says

STAMFORD, Conn.--(BUSINESS WIRE)-- Rising threats to vehicles and to industrial operational technology (OT) have led a growing number of enterprises worldwide to invest in advanced technologies and services to better secure their assets, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The 2022 ISG Provider Lens™ global Manufacturing Security Solutions report finds that cybersecurity has become a high priority for companies in manufacturing, automotive, life sciences and other industries amid recent cyberattacks against manufacturing facilities and connected vehicles. The urgent need to modernize or replace legacy systems, along with a shortage of skilled cybersecurity engineers, is fueling the growth of solution and outsourcing providers.

“Connected systems are vulnerable to a new universe of threats that keeps expanding,” said Bob Krohn, partner at ISG. “Companies are quickly building capabilities to secure both operational technology and mobility.”

While machine-to-machine (M2M) communication and machine learning have helped industrial firms improve quality, maintenance and machine life, many are now using a complicated mix of legacy OT and connected technologies that is rife with security gaps, ISG says. Often, their current OT security solutions lack visibility into IoT, mobile and wireless assets. Enterprises are looking for easy-to-deploy solutions that can display all assets.

Most companies with OT security challenges are implementing systems for detecting and proactively derailing threats, while some are also deploying tools that use decoys and deception to throw off attackers, the report says. ISG predicts the next wave of OT security solutions will focus on big data. These will collect similar kinds of information from multiple customers, especially manufacturing firms, and create a data lake where machine learning algorithms generate security insights and recommendations.

Worries about mobility security are especially intense in the automotive industry, intensified by the growing number of cyberattacks against cars and the introduction of new regulations that impose requirements for protecting vehicles, ISG says. Major automotive dangers include global navigation satellite system (GNSS) spoofing, which can allow attackers to take control of a vehicle, ship or aircraft, and threats that take advantage of the growing number of sensors around modern vehicles.

To counter these threats, automotive OEMs and suppliers are taking advantage of emerging tools from mobility security providers, including firewalls, intrusion detection and prevention systems (IDS/IPS) and software running on microcontrollers and CPUs, the report says.

“Mobility security is top of mind for the auto industry, given the rise in attacks against connected cars,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “The new smart vehicle platforms require smart security, and providers are stepping up with new solutions.”

The report also examines several other trends affecting industrial and mobility security, including the growing digitalization of oil platforms and refineries and the introduction of dedicated OT security operations centers.

For more insights into the security challenges faced by manufacturing firms, along with advice on how to effectively secure manufacturing IT infrastructure, see the ISG Provider Lens™ Focal Points briefing here.

The 2022 ISG Provider Lens™ global Manufacturing Security Solutions report evaluates the capabilities of 37 providers across two quadrants: Mobility Security Solutions and OT Security Solutions.

The report names Argus Cyber Security, Armis, Attivo Networks, Claroty, CYMOTIVE, GuardKnox, Industrial Defender, Karamba Security, Nozomi Networks, Regulus Cyber, Sabanci (Radiflow), SCADAfence, SheeldS, Tenable and Upstream Security as Leaders in one quadrant each.

In addition, Dellfer and SynSaber are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in one quadrant each.

Customized versions of the report are available from Armis and SynSaber.

The 2022 ISG Provider Lens™ global Manufacturing Security Solutions report is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

A companion research series, the ISG Provider Lens Archetype reports, offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230125005614/en/

Press Contacts:

Will Thoretz, ISG

+1 203 517 3119

will.thoretz@isg-one.com

Julianna Sheridan, Matter Communications for ISG

+1 978-518-4520

isg@matternow.com

Source: Information Services Group, Inc.

FAQ

What does the 2022 ISG Provider Lens™ report say about cybersecurity investments in the manufacturing sector?

The report highlights that rising cybersecurity threats are forcing manufacturing firms to invest in advanced security solutions to safeguard their operational technology.

Which industries are prioritized for cybersecurity according to ISG's report?

The report emphasizes cybersecurity as a priority for manufacturing, automotive, and life sciences industries.

What are the major security threats identified in the automotive sector?

The report mentions threats like GNSS spoofing, which can lead to attackers gaining control of vehicles.

What solutions are automotive OEMs adopting to improve mobility security?

Automotive OEMs are using tools such as firewalls, intrusion detection, and prevention systems to enhance security.

Which companies were recognized as leaders in the ISG Provider Lens™ report?

The report names leaders like Argus Cyber Security, Attivo Networks, and Nozomi Networks in the mobility and OT security quadrants.