New managed security service powered by the Israeli cybersecurity provider and operated by Atlantica and Atlantica CyberNext will secure connected devices across utilities, industrial, and other market verticals.
Nitzanei Oz, Israel and Rome, Italy - NanoLock Security, the market leader of ironclad protection for smart meters, IoT and connected edge devices, today announces a commercial partnership with Italy-based Atlantica Digital and Atlantica CyberNext, to offer a new NanoLock-enabled managed security service to protect tens of millions of smart meters and connected devices for leading utilities and industrial companies in Italy and throughout Europe.
Operating primarily in Europe, Atlantica Digital is currently managing over 13 million smart meters, in addition to smart lighting and industrial devices. Atlantica Cybernext, the sister company of Atlantica Digital, has created a next generation Security Operations Center (SOC), which includes the NanoLock-enabled managed security service, to serve its customers with the most technologically advanced solutions for protecting their business and infrastructure. The new service from Atlantica and NanoLock will be commercially available in Q2 2021, with a potential value of 8.000.000 euros of income by 2023.
The integrated solution will provide robust protection-as-a-service against both outsider and insider threats, while NanoLock’s device-level protection and management solution increases cyber resilience, reduces theft and fraud, and lowers operational costs. NanoLock’s embedded gatekeeper allows persistent changes to critical code only if authenticated and signed by an external authorized server. The lightweight solution secures the entire chain of device vulnerability in legacy and new connected devices – from deeply embedded endpoints in the device, to the cloud – with minimal computing, memory, and energy requirements.
With NanoLock, Atlantica Cybernext customers will benefit from 24/7 monitoring and alerts, timely and secured Over-The-Air version upgrades that lower operational costs, as well as access to analytics and forensic data that include detailed information about blocked attacks, manipulation details and more.
“This is a true and sizable market need,” said Pierre Louis Levi, president and CEO, 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,” added Levi. “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.”
“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.”
“The growing ecosystem of IoT and connected devices is expected to revolutionize many industries, including utilities and critical infrastructure, smart cities, and more. However, a larger ecosystem also means expansion of the attack surfaces and increased cybersecurity vulnerabilities. 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 industry director, 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.”
NanoLock Security has recently won the American Cyber Award for “Best Security Company of the Year under 150 staff” and the CyberSecurity Breakthrough Award for the “Overall IoT Security Solution Provider of the Year.”