Siemens and Chronicle Join Forces to Provide Industrial Monitoring and Detection for Energy Industry

  • Partnership will bring industrial cyber threats into a single view
  • New integrated platform and first of kind OT managed service
    leverages analytics to centralize and unlock the value of security data

ORLANDO, Fla.–(BUSINESS WIRE)–Siemens and Chronicle, an Alphabet company, today announced a new
partnership to protect the energy industry’s critical infrastructure
from increasingly sophisticated and malicious industrial cyber threats
at Spotlight on Innovation, Siemens flagship U.S. technology and
innovation conference. Through a unified approach that will leverage
Chronicle’s Backstory platform and Siemens’ strength in industrial cyber
security, the combined offering gives energy customers unparalleled
visibility across information technology (IT) and operational technology
(OT) to provide operational insights and confidentially act on threats.

The energy industry has historically been unable to centrally apply
analytics to process data streams, cost-effectively store and secure
data, and identify malicious threats within OT systems. Research
conducted by Siemens and Ponemon Institute found that while 60 percent
of energy companies want to leverage analytics, only 20 percent are
utilizing any analytics to do security monitoring in the OT environment.
Small and medium enterprises are particularly vulnerable to security
breaches as they frequently do not have the internal expertise to manage
and address increasingly sophisticated attacks.

“The innovative partnership between Siemens and Chronicle demonstrates a
new frontier in applying the power of security analytics to critical
infrastructure that is increasingly dependent on digital technology,”
said Leo Simonovich, Vice President and Global Head, Industrial Cyber
and Digital Security at Siemens Gas and Power. “Cyber-attacks targeting
energy companies have reached unprecedented speeds, and our cutting-edge
managed service unlocks the analytics ecosystem offers a new level of
protection from potential operational, business and safety losses.”

“Energy infrastructure is an obvious example of cyber-attacks affecting
the physical world and directly impacting people’s lives,” said Ansh
Patnaik, Chief Product Officer, Chronicle. “Backstory’s security
telemetry processing capabilities, combined with Siemens’ deep
expertise, gives customers new options for protecting their operations.”

The partnership between Siemens and Chronicle will help energy companies
securely and cost-effectively leverage the cloud to store and categorize
data, while applying analytics, artificial intelligence, and machine
learning to OT systems that can identify patterns, anomalies, and cyber
threats. Chronicle’s Backstory, a global security telemetry platform for
investigation and threat hunting, will be the backbone of Siemens
managed service for industrial cyber monitoring, including in both
hybrid and cloud environments. This combined solution enables security
across the industry’s operating environment – from energy exploration
and extraction to power generation and delivery.

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More information at www.siemens.com/cybersecurity-energy.

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Siemens Gas and Power (GP) is a global pacesetter in energy,
helping customers to meet the evolving demands of today’s industries and
societies. GP comprises broad competencies across the entire energy
value chain and offers a uniquely comprehensive portfolio for utilities,
independent power producers, transmission system operators and the oil
and gas industry. Products, solutions and services address the
extraction, processing and the transport of oil and gas as well as power
generation in central and distributed thermal power plants and power
transmission in grids. With global headquarters in Houston in the U.S.
and more than 64,000 employees in over 80 countries, Siemens Gas and
Power has a presence across the globe and is a leading innovator for the
energy systems of today and tomorrow, as it has been for more than 150
years.

Siemens AG (Berlin and Munich) is a global technology powerhouse
that has stood for engineering excellence, innovation, quality,
reliability and internationality for more than 170 years. The company is
active around the globe, focusing on the areas of power generation and
distribution, intelligent infrastructure for buildings and distributed
energy systems, and automation and digitalization in the process and
manufacturing industries. Through the separately managed company Siemens
Mobility, a leading supplier of smart mobility solutions for rail and
road transport, Siemens is shaping the world market for passenger and
freight services. Due to its majority stakes in the publicly listed
companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy,
Siemens is also a world-leading supplier of medical technology and
digital healthcare services as well as environmentally friendly
solutions for onshore and offshore wind power generation. In fiscal
2018, which ended on September 30, 2018, Siemens generated revenue of
€83.0 billion and net income of €6.1 billion. At the end of September
2018, the company had around 379,000 employees worldwide. Further
information is available on the Internet at www.siemens.com.

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