CLAROTY
“ THE BOTTOM LINE IS EVERYONE , NO MATTER WHICH FIELD OR SECTOR THEY ARE IN , SHOULD BE AWARE OF INDUSTRIAL CYBER SECURITY AND HOW VITAL IT IS TO PROTECT THE WORLD ’ S INCREASINGLY CONNECTED INDUSTRIAL PLANTS AND PRODUCTION FACILITIES ”
openly with them , which has driven up the volume of skills and capabilities so they can take advantage of our hyper growth that I mentioned at the start . This tightening of partner relationships is the future right now .”
Chassar said this was significant because it was vitally important for those in industrial cybersecurity to be aware of the criticality of protecting these environments . This stems from the momentum caused by the convergence of OT and IT . He cites everything from vaccinations and pharma companies to automotive production , all the way through to food and drink manufacturing .
“ Our mission is to be the industrial cybersecurity company and to protect everything within the four walls of an industrial site — and ultimately keep enterprises going . We ’ re not focused on preventing the extraction of personal information or , for instance , credit card numbers . Our goal is to help companies maintain their production and overall business operations .”
SIMON CHASSAR CHIEF REVENUE OFFICER , CLAROTY
FUTURE PROJECTIONS
Gartner projected that businesses would spend more than $ 123 billion on security in 2020 and projects that figure to grow to $ 170.4 billion by 2022
He offers the example of developing technology for a car production line whereby a breach would halt the supply of vehicles . “ On the industrial side it is more about business continuity than reputational damage and fines . Look at the Colonial Pipeline incident , in which operations halted after the breach , as well as JBS foods . Stopping production of things consumers need leads to lost revenue and an impact on stock markets , which is very difficult to repair . It can mean people can ’ t go to work anymore because the tins of beans and cars aren ’ t being made .”
Chassar concludes : “ The bottom line is everyone , no matter which field or sector they are in , should be aware of industrial cybersecurity and how vital it is to protect the world ’ s increasingly connected industrial plants and production facilities . This issue has huge significance to us as individual consumers and the economy at large .” constructionglobal . com 61