prnewswire | November 17, 2020
TrapX Security, the worldwide pioneer in Deception-based digital guard arrangements, has today delivered discoveries of an exploration review in organization with the Enterprise Strategy Group (ESG). The overview asked 150 digital and IT experts legitimately associated with security methodology, control and activities inside assembling associations about their current and future concerns.
The exploration discoveries highlight an industry whose security groups are seeing the data innovation (IT) and operational innovation (OT) conditions meeting at a fast movement. However fabricating associations are battling to shield OT resources as they are utilizing similar devices to defend their IT framework as they are for OT. Therefore, IT groups can't stay aware of developing volumes of security information or the expanding number of security alarms. They do not have the correct degree of perceivability and danger insight examination and don't have the correct staff and abilities to deal with the cybersecurity outstanding task at hand. Subsequently, business tasks are being disturbed and digital danger is expanding as the greater part of the assembling associations studied have encountered some kind of cybersecurity episode on their OT frameworks over the most recent a year taking weeks or months to remediate.
IT and OT Convergence Best Practice for Manufacturers
Assembling associations have enormous and developing interests in IT and OT innovation, helping them accomplish more spry business measures. As the exploration uncovers, IT and OT mix is quick turning into a best practice. Almost half (49%) of associations state that IT and OT framework are firmly coordinated while another 45% case that there is some reconciliation. This reconciliation will just increment as 77% of respondents expect further IT and OT framework intermingling later on.
Nonetheless, just 41% percent of associations utilize an IT security group with committed OT authorities, while 32% depend on their IT security group alone to ensure OT resources. 58% use network innovation strategies like IP reaches, VLANs, or microsegmentation to section IT and OT network traffic. Just about one-quarter (24%) of associations basically utilize one regular organization for IT and OT interchanges, diminishing the perceivability and reaction needed for OT-centered assaults.
Regular devices and staff may bode well, however conveying a plenty of IT security advances to get ready for the particular dangers of OT leaves IT groups ill-equipped and powerless against assault. As outlined through this exploration, IT groups are consistently overpowered by the developing volumes of security information, perceivability holes, and an absence of staff and aptitudes.
Groups Overwhelmed by Volumes of Security Data
Security groups are tested by the developing volumes of security information, and the expanding number of security cautions. 53% accept that their security tasks outstanding burden surpasses staff limit. furthermore, 37% conceded they should improve their capacity to change security controls. The greater part of studied associations (58%) concurred that danger location and reaction has developed more troublesome. When requested to give extra detail on the particular idea of that developing unpredictability, almost half (45%) state they are gathering and preparing greater security telemetry and 43% state that the volume of security alarms has expanded. Makers are as yet working in obscurity however with simply under half (44%) refering to developing and changing dangers as making danger location and reaction more troublesome, especially evident as danger entertainers exploit the "mist" of COVID-19.
"The research illustrates a potentially dangerous imbalance between existing security controls and staff capabilities, and a need for more specialized and effective safeguards," said Jon Oltsik, ESG Senior Principal Analyst and Fellow. "Manufacturing organizations are consolidating their IT and OT environments to achieve economies of scale and enable new types of business processes. Unfortunately, this advancement carries the growing risk of disruptive cyber-attacks. While organizations have deployed numerous technologies for threat detection and response, the data indicates that they are overwhelmed by growing volumes of security data, visibility gaps, and a lack of staff and skills. Since they can't address these challenges with more tools or staff, CISOs really need to seek out more creative approaches for threat detection and response."
OT Is the New Threat Vector
As the IT/OT assault surface develops, security groups are spread more slender as they attempt to stay up with activities undertakings, for example, danger location, examination, episode reaction, and danger moderation. 53% concurred that their association's OT framework is powerless against some kind of digital assault, while a similar number expressed that they had just endured some sort of digital assault or other security episode in the last 12 two years that affected their OT foundation. At the point when approached what amount of time it commonly requires for their firm to recuperate from a digital assault, 47% of respondents said between multi week and one month, bringing about huge and conceivably exorbitant vacation for basic frameworks.
Assembling associations come up short on the perceivability required for powerful danger recognition and reaction – particularly with respect to OT resources. Therefore, extra security multifaceted nature is unsuitable – any new speculations they make must assist them with disentangling security measures and get more out of existing devices and staff. 37% said they should improve their capacity to see vindictive OT action, 36% state they should improve their capacity to comprehend OT-centered danger knowledge and 35% accept they should improve their capacity to viably fix weak OT resources.
44% of respondents featured Deception innovation's important part in assisting with danger research (44%), and 56% said that Deception innovation can be utilized for danger discovery purposes. The greater part of the assembling associations (55%) studied use Deception innovation today, yet 44% have not made the association between Deception innovation and expanded assault perceivability.
"This exploration shows that assembling associations are encountering genuine difficulties with regards to danger discovery and reaction, especially for specific OT resources that are basic for business tasks," said Ori Bach, CEO of TrapX Security. "This information, and our own experience working with trend-setters in all areas of assembling, exhibit there is a reasonable requirement for arrangements like Deception, which can improve digital guards and diminish vacation without the need to introduce specialists or upset existing security frameworks and activities."
"This research shows that manufacturing organizations are experiencing real challenges when it comes to threat detection and response, particularly for specialized OT assets that are critical for business operations," said Ori Bach, CEO of TrapX Security. "This data, and our own experience working with innovators in all sectors of manufacturing, demonstrate there is a clear need for solutions like Deception, which can improve cyber defenses and reduce downtime without the need to install agents or disrupt existing security systems and operations."
For additional experiences into the discoveries, download the full white paper, composed by Jon Oltsik, ESG Senior Principal Analyst.
About TrapX Security
TrapX Security is a pioneer and global leader in cyber Deception technology TrapX DeceptionGrid rapidly detects, deceives, and defeats advanced real-time cyber-attacks and human attackers in real-time. The DeceptionGrid provides automated, highly accurate insight into malicious activity unseen by other forms of cybersecurity. By deploying DeceptionGrid, users can create proactive security to fundamentally halt the progression of an attack. This strategy shifts the economics of cyberattacks to cost the attacker instead of the victim. TrapX Research Labs clients include several Forbes Fortune 500 commercial and government customers worldwide. Sectors include defense, healthcare, finance, energy, consumer products, and other key industries.
Newsight | October 27, 2021
Newsight Imaging Ltd., an innovative semiconductor company developing machine vision sensors, spectral vision chips and systems, announces a commercial agreement with SSZN. SSZN is a leader in developing smart industry 4.0 solutions for supporting automated production line supervision. Newsight will provide SSZN with the NSI1000 - its new and advanced sensor chip.
The deal follows a successful design-win where SSZN conducted an evaluation using the NSI1000 chip, closely supported by Newsight's engineering teams in Israel and Shenzhen. The first order of 100,000 chips will be supplied in the upcoming months.
The NSI1000 CMOS Image sensor chip, launched by Newsight last year, consists of 32 lines of 1024 pixels and it supports multiple modes, such as multi-triangulation for state-of-the-art accuracy and fast operation on production line inspection. The sensor implements Newsight's enhanced Time of Flight (eTOF™) technology for advanced, long-range, and high-resolution 3D depth image capturing. SSZN integrates the chip into its advanced industrial sensor lines, which serve SSZN’s major customers.
“SSZN is committed to providing high-performance industrial inspection automation, as we dedicate our efforts to streamlining customer operations worldwide. Our cutting-edge technology provides highly integrated solutions for production supervision, enabling real time monitoring and maneuverability for any manufacturing process. Following our evaluation, we are pleased to have chosen Newsight’s image sensors upon proving their high quality and performance”, said Mr. GK Wang, CEO of SSZN.
“We are very pleased to collaborate with SSZN,Being chosen by such an important industry 4.0 player further highlights Newsight's product performance and customer value. Our disruptive sensor is embedded with unique features to support the extensive demands of smart manufacturing. We are currently running numerous evaluations with lead players, already marking several design-wins. Our upcoming NSI9000 sensor chip, with a 1024x480 depth resolution, will undoubtedly be a game changer for various industries, such as the automotive and smart manufacturing industries".
Mr. Eli Assoolin, CEO and Chairperson of Newsight Imaging Ltd
The company’s solution is widely implemented in various industries, including: 3C, traditional manufacturing, new energy power battery, mechanical processing procedure inspection, electrical testing and others. The company has partnered with customers such as Foxconn, BYD, Lite-On, Huawei, Daheng, Tongda and Han's Laser, and has led to significantly reduced manufacturing costs, improved product quality and optimized efficiency.
Newsight develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. Newsight’s depth camera sensors for machine vision serve verticals such as Mobile, Robotics, Industry 4.0, Automotive Safety etc. The company has recently launched its one-of-a-kind solid-state LiDAR reference design, the eTOF™ LiDAR – based on the NSI1000 sensor. The company has US and EU patents and has received 3 grants by the Israeli Innovation Authority.
Kosmos Energy, Trafigura | June 29, 2020
Kosmos Energy (“Kosmos” or the “Company”) announced today that it has entered into a crude oil prepayment agreement (“Prepayment Agreement”) with Trafigura Trading LLC (“Trafigura”).
The Prepayment Agreement provides up to $200 million of crude oil sales primarily related to a portion of the Company's 2022 and 2023 Gulf of Mexico production, with $150 million committed by Trafigura. Kosmos expects to execute $50 million of advance crude oil sales in June 2020. Later this year, following the completion of the Prepayment Agreement conditions subsequent, an additional $100-150 million of advance crude oil sales is expected, subject to finalizing additional commitments for $50 million.
“At the start of the market downturn, Kosmos took decisive action to reduce costs, restructure hedges, and preserve liquidity. With this Prepayment Agreement, we have secured up to $200 million in additional liquidity to help us manage the business during this time of unprecedented volatility. This liquidity also gives us the flexibility to take advantage of opportunities that may arise in a dislocated market,” said Neal Shah, Chief Financial Officer.