October 20th, 2008 - Wurldtech Security Technologies and Matrikon entered into a broad cooperation focused on introducing next-generation cyber risk management solutions designed for real-time industrial environments. The agreement will permit the integration of Wurldtech's Achilles Technology Suite into Matrikon’s assessment service offering and to jointly support the development of future intelligent cyber risk and compliance management solutions to meet the evolving challenges faced by global industrial automation industries."
The cyber-security landscape has changed dramatically throughout the industrial automation industry and the end result for customers is a high degree of complexity, increased operational costs, limited visibility and reliance on inappropriate data to make critical security decisions," said Tyler Williams, President & CEO of Wurldtech. "This cooperation will leverage each company's core competencies and domain expertise to provide more effective solutions designed to help industrial organizations intelligently manage cyber-security risk from top-floor to shop-floor." In a digital world with increasing connectivity requirements on industrial networks, control systems are becoming increasingly exposed to new cyber risks that can jeopardize process integrity and result in unnecessary downtime.
Moreover, as cyber-security risks increase in frequency, severity and sophistication, the process of managing the security of SCADA and process control systems is becoming extremely difficult. For a majority of industrial organizations, the outcome is a weak security risk profile, an insecure network infrastructure, incomplete regulatory compliance, security audit failures and increased security management costs that are not in line with business objectives. This cooperation is designed to address these challenges by combining the award-winning Achilles robustness testing technology with proven risk assessment methodologies to more accurately diagnose system failure-modes based on process risk.
This intelligence is paramount when designing and deploying mitigation strategies in order to quantifiably demonstrate a reduction in downtime risk." In the past, risk assessment services for industrial organizations such as cyber-security evaluations, penetration testing and NERC CIP gap analysis have been limited to a top down approach with IT-centric tools and techniques, which by design, could not provide the level of intelligence necessary for customers to truly understand risk in the context of impact to process integrity," said Rick Kaun, Director of Industrial Network Security at Matrikon.
"By integrating the award-winning Achilles technology and extending our risk assessment service to include the resiliency and robustness testing of legacy SCADA and industrial control systems, we can now provide unparalleled visibility into the safety, security and integrity of critical industrial operations. This will allow us to help customers introduce effective mitigation strategies that will improve system reliability and validate conformance to emerging standards."
About Matrikon
Matrikon provides industrial software solutions which empower their clients to achieve operational excellence. Matrikon products transform production data into knowledge and action that enable users to maximize performance while managing risk. With offices throughout North America, Australia, Europe and the Middle East and a client base that includes industry leaders in a wide range of process industries, Matrikon's reach is global. Empowering excellence since 1988, Matrikon is traded on the Toronto Stock Exchange under the symbol MTK.
About Wurldtech Security Technologies, Inc. Wurldtech Security Technologies, headquartered in Vancouver, BC, Canada, is the leading provider of cyber risk and compliance management security solutions to industrial automation industries worldwide. Wurldtech has a proven track record in recognizing and responding to cyber-security threats; developed the industry’s first available controller certification program; and has certified the largest number of products from global suppliers of the systems used in today’s critical infrastructures. Wurldtech is committed to delivering breakthrough products and services that help protect global critical infrastructure and address the security needs of major industrial organizations and government agencies worldwide.
