Israel's NanoLock Security, provider of a solution for defense and management of smart meters, controllers, connected devices and IOT products, announced today a commercial partnership with Italy's Atlantica Digital and Atlantica CyberNext to offer NanoLock-enabled managed cybersecurity services to protect tens of millions of smart meters and connected devices for critical infrastructure companies and industrial companies in Italy and the rest of Europe.
Atlantica Cybernext¸ the sister company of Atlantica Digital that is managing over 13 million smart meters throughout Europe, in addition to smart lighting and industrial devices, has created a Security Operations Center (SOC) which includes the defense and management solutions of NanoLock Security, in order to provide its customers with the most technologically advanced solutions for protecting their business and infrastructure.
"This is a true and sizable market need," said Pierre Louis Levi, president and CEO of Atlantica Digital. "It is critical that the millions of IoT end-devices we support across utilities and industrial settings are securely managed and protected from cyberthreats. The launch of Atlantica Cybernext comes at a time where the need to support the fast-growing IoT has never been greater. With NanoLock’s protection management, and monitoring of IoT devices integrated into Atlantica Cybernext SOC, we will be able to offer our customers a robust cybersecurity solution that can protect the millions of new connected devices being installed each year."
The new service from Atlantica and NanoLock will start operating in Q2 2021¸ with the companies seeing a potential yearly income of 8,000,000 euros by 2023. NanoLock Security's solution will enable Atlantica Cybernext customers to receive cyber protection-as-a-service against both outsider and insider threats, and will lead to increased cyber resilience as well as prevent theft and smart meter fraud while lowering operational costs.
The defense at the level of the endpoint device allows changes to critical code only if authenticated and signed by an external authorized server. The advanced and patented solution of Nanolock enables defense, monitoring and management of legacy and new endpoint/connected and IoT devices, and requires minimal energy and almost no computing resources or memory. With Nanolock, Atlantica Cybernext customers will benefit from monitoring, alerts and secured upgrades that lower operational costs¸ as well as access to analytics and forensic data that include detailed information about blocked attacks.
"At Frost & Sullivan we firmly believe that there is a clear industry need for device protection solutions, like NanoLock’s, that can help secure a wide spectrum of devices against internal, external, and supply chain attacks to help realize the vision of IoT," said Vikrant Gandhi, senior director for Information & Communications Technologies at Frost & Sullivan.
"NanoLock has clearly carved a niche for itself in IoT security with its innovative device protection solution. Partnerships with companies such as Atlantica will drive the use of NanoLock’s highly effective cybersecurity implementations with a clear focus on enhancing the value delivery for end customers."
"Whether an attack vector is presented by an insider or outsider, or for reasons of fraud or theft, the utilities and industrial sector face increasing vulnerability as IoT devices like smart meters proliferate," said Eran Fine¸ CEO of NanoLock. "We’re excited to partner with Atlantica Cybernext on their new initiative and our joint solution, and we look forward to bringing powerful security protection to their customers and millions of IoT end-devices."