Frost & Sullivan recognizes Byres Security with Customer Value Enhancement Award for addressing the challenge of cyber security and preventing network accidents.
Based on its recent analysis of the industrial network security solutions market, Frost & Sullivan recognizes Byres Security Inc. with the 2010 World Customer Value Enhancement Award in Industrial Network Security Solutions. Unlike many awards offered in a variety of industries, consideration for this award was not self-nomination by clients. It resulted from a detailed investigation of the industrial landscape.
According to the Frost & Sullivan release, “The industrial network security market has been growing significantly to combat rising malware attacks and industrial network intrusions in the industrial environment. End users are well aware that such security accidents can shut down the plant operations in a few seconds, create environmental and safety risks and significantly damage the company’s reputation, which induces them to protect their network infrastructure. The need for adopting such security solutions is also driven by stringent government regulations and industry standards being imposed upon the diverse end-user verticals to mitigate the risks associated with security incidents, as well as improve overall system reliability and prevention of network-related accidents.”
Frost and Sullivan’s detailed investigation indicated that Byres Security’s flagship product, the Tofino Industrial Security Solution addresses industry challenges. “The company’s ability to offer a complete industrial network security solution that can be customized not only for various plant network infrastructures but also across diverse end-user vertical requirements has ensured it consistent market growth,” the report concluded. Leading control system vendors such as Honeywell, Hirschmann, Invensys and MTL Instruments continue to partner with Byres Security to develop customized industrial network security solutions.
Byres Security’s solutions help end users meet changing government security regulations and industry standards. Working in tandem with the leading control system vendors to develop customized robust security solutions illustrates the company’s commitment to innovate and develop advanced security products and services on an ongoing basis. For instance, Honeywell has introduced the Modbus TCP Firewall product based on the Tofino security technology and Invensys has introduced the Triconex Tofino Firewall to secure OPC Classic communications.
The integration of industrial safety and security policies across different critical end-user verticals has attracted many leading companies such as Exxon-Mobil, Shell and Boeing to implement the Tofino Industrial Security Solution, and a similar trend is anticipated among the other end-user verticals as well.
“The industrial network security market is becoming increasingly fragmented, with several players introducing products that give customers visibility into the plant assets interconnectivity, control of the flow of information within the plant enterprise, and the ability to halt inadvertent information leaks to outside of the enterprise,” explains Jebin Thomas Varghese, Senior Research Analyst for Frost & Sullivan. “The challenge for industrial control systems security vendors is to offer a robust and reliable security solution that offers these features while still addressing diverse network infrastructure security requirements.”
The Frost & Sullivan Award for Customer Value Enhancement is presented each year to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. This award recognizes the company’s inordinate focus on enhancing the value that its customers receive, beyond simply good customer service, leading to improved customer retention and ultimately customer base expansion.