Mitsubishi Electric Corporation announced 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".
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. It also detects the invasion of malware and unauthorized operations, and even shadow IoT threats from devices or sensors that 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.