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UL Introduces SafeCyber to Protect Connected Devices All Over the World.
Fremont, CA: UL, a global leader in safety science, launches its SafeCyber Digital Security Platform, a set of solutions aimed at democratizing IoT security and empowering key organizations like device manufacturers, suppliers, and systems integrators to take control of their connected ecosystems. UL's SafeCyber Digital Security Platform strives to reduce the rising amount of cybersecurity risks facing these enterprises, from smart home gadgets and sophisticated medical equipment to advanced automotive and Industry 4.0 technologies.
Integrating cybersecurity into connected devices is a crucial step toward realizing the IoT and OT's enormous promise. It enables firms to effectively implement their business plan, manage risks, preserve their brand identity, differentiate products, and build market leadership if done correctly. Even as connected product innovation spreads across sectors, most goods are created to meet functional, cost, and time-to-market goals. Security may not be a top priority, and the regulatory framework may be disjointed and unnecessary. Unfortunately, this can result in data breaches and a loss of stakeholder confidence. Security must be a continuous and thorough consideration across the product development and lifecycle management processes to reduce corporate risk.
According to Statista, the roughly 8.74 billion connected devices in use in 2020 will swell to over 25.4 billion by 2030. According to a recent study, organizations are facing a hurry of new cybersecurity threats due to this increase in connectivity – according to recent research, supply chain attacks increased by 42 percent in the first quarter of 2021. With a fast-changing and complicated global regulatory landscape, businesses need a comprehensive but simplified solution to analyze their total cybersecurity posture and risk today more than ever.
"The proliferation of connected devices has unlocked immense new economic potential, but it has also introduced a flurry of cybersecurity risks that can materially impact businesses," said Jukka Makinen, managing director of the Identity Management and Security division at UL. "SafeCyber helps organizations holistically understand and assess risk, allowing both new and existing assets to be designed and maintained to conform with the latest cybersecurity legislation and best practices."
UL also unveiled its Maturity Path capability as part of today's launch, a solution that gives device makers, suppliers, and system integrators a maturity assessment for connected device security to develop long-term product security governance and processes.
Within the SafeCyber platform, UL also revealed Firmware Check and Field Monitoring features. Firmware Check will offer stakeholders a security check on firmware implementations presently in development. In contrast, Field Monitoring will allow those companies to run large-scale security checks on firmware already in the field.