Why Honeywell Acquired Israeli Cyber Security Firm Nextnine?

According to reports, the U.S. technology giant Honeywell (Honeywell) recently announced the acquisition of Israel's Nextnine company at a price of $ 35 million, which is the recent Israeli Cyber Security (cybersecurity) field of the amount of a huge acquisition, Honeywell said the reason for the acquisition is to industrial automation security.

The report said that unlike the Internet era, the Internet of Things (IoT) has more end devices and more "targets" that can be hacked, and that many IT talents, who are good at using the latest technology but have no experience in industrial automation, are not able to appreciate the legacy problems in automation control systems and are unable to apply the construction solutions of IT cybersecurity to their own systems. The IoT is the only place where I can apply cybersecurity solutions to the Internet of Things.

Cybersecurity is known to be a major concern for many in the automation and control industry, and in 2016, power systems in at least three Ukrainian regions were attacked by highly destructive malware and led to massive blackouts, leaving thousands of families to spend Christmas in the dark. According to a recent report by Tripwire, a global provider of cybersecurity solutions, 82% of oil and gas companies said they have been subjected to significantly more cyberattacks in the past year than in the past. For 69 percent of those companies, the attacks occurred without any corresponding preparedness in this area.

Honeywell said that Israeli security firm Nextnine's core technology, ICS Shield, which protects industrial sites from cybersecurity attacks and allows for real-time, remote monitoring of equipment, has been deployed at more than 6,200 oil and gas, chemical, mining and manufacturing sites worldwide, and has been adopted by five to seven of the largest industrial system vendors in the world. 7 of the world's largest industrial system providers to adopt and use.

Netizens say the cybersecurity market has huge potential, and companies like Nextnine, which are ahead of the curve and have deep roots, are likely to make a big splash in the future.