Editor’s Comment: There’s no stopping the growth of IoT, and the biggest tech companies in the world are getting in on the action. The latest being Microsoft, who has just confirmed the purchase of IoT and ICS security company, CyberX. We feel this is a good move because one of the biggest issues we’ve seen in recent years was how lax security has been from IoT device manufacturers, which has resulted in quite a number of security mishaps.
According to CyberX, it provides one of the most widely-deployed industrial cybersecurity platforms for continuous and non-invasive risk assessment and M2M anomaly detection with the aim of “preventing costly outages, safety and environmental incidents, theft of intellectual property and operational efficiencies”.
With experts urging businesses to take a “security by design” approach, especially for IoT and IIoT that could have physical world consequences if they are hacked, Microsoft is probably hoping to get as much traction as possible and gain the trust of customers from this acquisition. What’s for certain is that IoT/OT/ICS security is going to be big business in the coming years.
Below is the full press release from CyberX. You can also read a blog post by Microsoft execs, Michal Braverman-Blumenstyk and Sam George on the acquisition, by clicking here.
Microsoft Acquires IoT/OT Security Leader CyberX to Enable Unified Security Across Converged IT and Industrial Networks
CyberX, the IoT/OT security company, today announced that it is being acquired by Microsoft.
As enterprises implement digital transformation and Industry 4.0 for greater efficiency and productivity, boards and management teams are increasingly concerned about the financial and liability risk resulting from the deployment of massive numbers of connected IoT and OT devices. Adversaries targeting this expanded attack surface can cause substantial corporate impact including safety and environmental incidents, costly production downtime, and theft of sensitive intellectual property.
By integrating the CyberX platform with the Azure IoT stack, Azure Security Centre for IoT, and Azure Sentinel, the first SIEM with native IoT support, Microsoft will now provide a simpler approach to unified security governance across both IT and industrial networks, as well as end-to-end security across managed and unmanaged IoT devices, enabling organisations to quickly detect and respond to advanced threats in converged networks.
“CyberX’s technology and team are a great addition to Microsoft,” said Michal Braverman-Blumenstyk, Corporate Vice President, Cloud & AI Security CTO, and Israel R&D Centre GM. “With CyberX’s expertise and innovative platform, together with Microsoft’s exciting security products, Microsoft is offering a powerful and scalable solution that accelerates digitalisation for enterprises at all phases of their IoT/OT journey.”
Founded in 2013, CyberX achieved tremendous growth with the world’s largest enterprises adopting its IoT/OT security platform to secure their facilities worldwide. Leveraging patented, IoT/OT-aware behavioral analytics, CyberX’s agentless technology deploys in minutes to deliver deep visibility into IoT/OT risk — including asset discovery, vulnerability management, and continuous threat monitoring — with zero impact due to its passive Network Traffic Analysis (NTA) approach.
“Nir and I founded CyberX with the goal of delivering a scalable solution that would be easy to deploy and reduce risk for enterprises worldwide,” said Omer Schneider, co-founder and CEO of CyberX. “We’re thankful to our loyal customers and partners as well as to our dedicated employees whose innovation and hard work made it possible for us to reach this important milestone, and also to our investors for their ongoing support.”
“By joining forces with Microsoft, we will rapidly scale our business and technology to securely enable digital transformation for many more organisations,” said Nir Giller, co-founder, GM International, and CTO of CyberX. “Together, CyberX and Microsoft provide an unbeatable solution for gaining visibility and a holistic understanding of risk for all IoT and OT devices in your enterprise.”
CyberX’s founders will join Microsoft and the platform will continue to be enhanced and supported by CyberX personnel. In addition, Microsoft is committed to the channel and will continue working with CyberX’s strategic reseller and technology partners worldwide. The CyberX platform will continue to be available in a hybrid model supporting both cloud-connected and air-gapped networks.