Categories: Wire Stories

Mitsubishi Electric, ME Innovation Fund Invests in SCADAfence Ltd.

Strengthening of the OT security platform for the manufacturing industry which enables user to reveal network vulnerabilities and threats by automatically

TOKYO–(BUSINESS WIRE)–Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in SCADAfence Ltd., an Israeli-based startup company that provides the OT & IoT cybersecurity platform “SCADAfence Platform� as well the industry’s only dedicated GRC platform, “Governance Portal”, as the third investment.

SCADAfence provides visibility to networks that support industrial systems and critical infrastructure, in an age where various types of malware, are threatening industrial systems and critical infrastructure, frequently shutting down their control systems and causing serious incidents. To counter such risks, SCADAfence automatically recognizes and visualizes devices connected to a network and can reveal network vulnerabilities and threats against it. In addition to detecting not only the invasion of malware and unauthorized operations but even shadow IoT threats that devices or sensors which are connected to the network without formal authorization.

Mitsubishi Electric will work with SCADAfence to accelerate the strengthening of its OT security platform for the manufacturing industry and aim to develop its business by offering a safe and secure product line that complies with international standards (IEC 62443) and other regulations.

Elad Ben Meir, CEO of SCADAfence Ltd., said: “Industries are seeking advanced and secure networks that provide protection against security risks such as the threat of cyber attacks and data leakage. We will deliver the best possible solutions to our customers by leveraging our abundant experience in the OT & IoT cyber security field and our extensive knowledge of stable industrial system operations.”

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

Customer Inquiries
Business Innovation & DX Strategy Div.

Mitsubishi Electric Corporation

Tel: +81-3-3218-4885

www.MitsubishiElectric.com/

Media Inquiries
Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp
www.MitsubishiElectric.com/news/

Alex

Recent Posts

Novautek Honored with the “Outstanding SME ESG and Business Performance Award”

HONG KONG SAR - EQS Newswire - 23 December 2024 - Novautek Autonomous Driving Limited…

57 minutes ago

V-GREEN and Xanh SM Indonesia sign MoU with Lippo for comprehensive green ecosystem in Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 23 December 2024 - V-GREEN and PT Xanh…

1 hour ago

Molex Anticipates Steady Growth in High-Speed Connectivity in 2025, Driving Electronics Design Innovations Across Diverse Industry Sectors

Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address data-intensive…

3 hours ago

Celebrating 25 Years of Excellence: DYXnet Embarks the New Chapter of Digital Transformation

HONG KONG SAR - Media OutReach Newswire - 23 December 2024 - DYXnet, a wholly-owned…

4 hours ago

The Top 10 Best Places to Work in Egypt for 2024 revealed

CAIRO, EGYPT - Media OutReach Newswire - 23 December 2024 - Eand, Novo Nordisk, BSH,…

6 hours ago

Trend Micro Named a Magic Quadrant Leader for Email Security Platforms

Trend Vision One™ – Email and Collaboration Security is a critical part of Trend’s centralized…

7 hours ago