Ensuring its customers and partners are secure in today’s digital economy is critical for Schneider Electric. Cybersecurity and data privacy are integral to their business strategy. To help customers understand how they mitigate Cybersecurity risks they have a new white paper.
Chiefly, Schneider Electric aims to protect itself using a multifaceted Cybersecurity posture. This secures and protects internal activities including strategic IT systems and assets. It includes leading the digital transformation of energy and automation within Cybersecure frameworks. Achieving this through developing products and solutions with end-to-end Cybersecure measures and protection.
According to the paper, a 2017 PwC study of global CEOs revealed 62% indicated that Cyber threats are a concern for their company’s growth prospects. Furthermore, suffering a cyberattack was the top 2018 concern of U.S. CEOs surveyed. The risks are growing, as the culprits are difficult to identify.
Significantly, the risks identified include:
- Threats to revenue and reputation due to data breaches
- System risk due to bogus system access and control
- Inherent system vulnerabilities from cloud data storage and computing
- Physical damage to machines and factories from malicious attacks
Markedly, Schneider Electric develops and proposes cybersecurity services to support customers with their Cybersecurity. Moreover, they consider the full lifecycle of cyber security in the context of people, processes, and technology.
Cybersecurity Initiatives
A division of Schneider Electric, Schneider Digital coordinates cybersecurity initiatives, projects companywide. For example, it controls a network of Cyber Experts and Digital Risk Leaders across many businesses and territories. Schneider Electric also contributes to the evolution of industrial cybersecurity standards. Collectively, these standards and frameworks will secure their products and services now and in the long run.
Schneider Electric operates many websites and portals using shared or dedicated hosting facilities. To mitigate risks from these front-end platforms is critical. The company conducts regular penetration testing and vulnerabilities scanning on these infrastructures.
Schneider helps customers manage risks associated with networked assets and connected systems. With this in mind, its range of cybersecurity services reduces the potential risk and associated damage from attacks.
Finally, they understand that many customers have third-party solutions integrated with Schneider solutions. This environment raises the risk for open gates to their systems. To mitigate this, they use a collaborative approach. It integrates partners to address people, processes, and technology in the customer environment.
