Insurance Technology

Cybersecurity Solutions for Buildings: A Launch by Schneider Electric and Claroty to Reduce Cyber and Asset Risks for Smart Buildings

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Schneider Electric, the global leader in energy management, automation, and digital transformation, announced the launch of Cybersecurity Solutions for Buildings. This solution assists all building customers in securing their building management systems (BMS) to protect their people, assets, and operations. The collaborative solution with Claroty, a security company for cyber-physical systems in industrial, healthcare, and commercial environments, will combine award-winning technology with Schneider Electric industry expertise and services to identify all facility-wide assets, deliver unparalleled risk and vulnerability management capabilities, and provide continuous threat monitoring to protect enterprise investments.

By 2050, it is expected that half of today's buildings will still be in use. This is causing commercial buildings to digitize their assets, including updating their building management system. Indeed, IoT technology for buildings is expected to grow from 1.7 billion connected devices at the end of 2020 to more than 3 billion by 2025.

The integration of IoT in buildings is sparking an exciting shift across the sector, but like with any innovation, it also presents new risks, For threat actors looking to disrupt operations, benefit financially and/or achieve other objectives, and in so doing to put individuals at risk, buildings can appear to be the perfect target. It is with this in mind that we are partnering with Claroty to bring our customers a comprehensive, industry-leading solution that meets the unique security and operational risks facing buildings of today and of the future.”

Annick Villeneuve, Vice President Digital Enterprise Solutions, Schneider Electric.

Schneider Electric and Claroty's Cybersecurity Solutions for Buildings offer includes the following steps: asset discovery, risk assessment, remote access control, threat detection, and response. It will provide building owners, facility operators, and security teams with a simple solution that identifies baseline risks, reduce both cyber and asset risks and identify and remediates threats in their environment before service interruption.

Schneider Electric's core mission in developing Cybersecurity Solutions for Buildings for our customers remains unchanged: by improving the resiliency of their buildings today. In the future, through an enhanced cybersecurity posture with the right technology and expertise, Schneider Electric works hand-in-hand with our customers as their digital partner for sustainability and efficiency, assisting them in making the most of their investments.

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