The Hindu Business Line

‘In­crease in cy­ber-at­tacks on smart build­ings pro­pels the se­cu­rity mar­ket’

- Information Security · Tech · Internet · Hacking · Frost and Sullivan

The wide­spread digi­ti­sa­tion of build­ing oper­a­tions and ris­ing in­ci­dences of cy­ber-at­tacks on op­er­a­tional en­vi­ron­ments are driv­ing the adoption of in­for­ma­tion tech­nol­ogy (IT)/op­er­a­tional tech­nol­ogy (OT) se­cu­rity ser­vices in smart build­ings, ac­cord­ing to a re­cent report by Frost & Sullivan’s, a busi­ness con­sult­ing firm.

Smart de­vices vul­ner­a­ble

The report ti­tled, ‘IT/OT Se­cu­rity Con­ver­gence for Build­ing Tech­nolo­gies’, es­ti­mates the mar­ket to reach $897 mil­lion by 2022, in­creas­ing at a record com­pound an­nual growth rate of 37 per cent, a state­ment said.

“To­day, smart de­vices con­trol build­ing man­age­ment ac­tiv­i­ties, in­clud­ing tem­per­a­ture con­trol, ac­cess and light­ing con­trol, com­mu­ni­ca­tion, and safety sys­tems in many en­ter­prises. Such con­verged IT/OT en­vi­ron­ment has made en­ter­prises more vul­ner­a­ble to cy­ber-at­tacks,” said Frost & Sullivan an­a­lyst.

With di­verse pro­to­cols, hard­ware, and soft­ware sys­tems, the OT de­vices con­trol­ling build­ing oper­a­tions pro­vide a het­ero­ge­neous en­vi­ron­ment.

Cou­pled with IT de­vices and a com­mon net­work con­nec­tion, the at­tack sur­face ex­pands, pro­vid­ing a thriv­ing ground for cy­ber ad­ver­saries to play on, the an­a­lyst added.

The report fo­cusses on the key trends in the IT/OT se­cu­rity mar­ket, iden­ti­fies the driv­ers and re­straints, and sheds light on the com­pet­i­tive land­scape and evolv­ing mar­ket share of ma­jor par­tic­i­pants.

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