New Platform Identifies Suspicious Behavior in All Devices Attached to SCADA and Critical Infrastructure Networks – Detects Compromised and Misused Assets Escaping Security Tools
St. Louis, MO- April 29, 2014- Observable Networks, an emerging leader of network security technology and advanced threat detection services, today announced that it has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) phase II grant in the amount of $709,914 for the development, deployment, and evaluation of an industrial control security system based on the company's Continuous Device Profiling (CDP) and network forecasting technologies.This is the 2nd time in 2 years that Observable Networks has been awarded an SBIR grant focused on critical infrastructure.
"The prestige of being recognized by the NSF, in addition to our previous research and collaboration, is terrific validation of our network security technology and service platform," said Bryan Doerr, CEO of Observable Networks."We will use this funding to continue to enhance our unique network profiling capabilities to meet the critical security needs of markets characterized by embedded and non-user network endpoints – markets which are currently experiencing explosive growth and need better security solutions."
Observable Networks recently entered the IT security market, empowering organizations to readily understand normal and abnormal device behaviors in their networks. Observable's CDP technology and cloud-based service platform uses real-time traffic sensors and automated security analytics to continuously model all devices on networks of any size.Observable's solution is indifferent to encryption and does not require recognition of threat signatures – a growing problem with current security technologies.
Supervisory control and data acquisition (SCADA) and critical infrastructure networks - such as a power generation and distribution grid - represents both a significant investment and a substantive vulnerability in today's world. While recent cyber-attacks may have heightened public awareness of the threats to critical infrastructure, such infrastructure has been the object of sustained concern from government and private-sector groups for many years. However, while the need for increased security in critical infrastructure has grown over time, the effectiveness of network security methods has not kept pace with the sophistication and impact of cyber-attacks. Observable's CDP and network forecasting technologies have the potential to transform the security and monitoring practices in nearly all domains of critical infrastructure.
"Our Phase I project demonstrated that continuous device profiling and network forecasting can predict the behavior and role of devices in a large-scale, real-world industrial control context, " said Patrick Crowley, Observable Networks' founder & CTO and associate professor of computer science at Washington University in St. Louis. "The Phase II project will enable us to develop a commercial-grade security service for industrial control contexts, and to validate the service in at least 3 industrial plants over a two-year duration."
To access the full award announcement, please visit: http://www.nsf.gov/awardsearch/showAward?AWD_ID=1353582
About Observable Networks
Observable Networks, Inc. is an emerging leader of network security technology and advanced threat detection services that identify compromised and misused networked devices currently escaping detection by network security tools.Observable's Continuous Device Profiling (CDP) technology includes a cloud-based service platform incorporating automated security analytics and real-time traffic sensors to continuously model all devices on networks of any size, all the time.CDP is indifferent to encryption and does not use threat signatures.Observable empowers organizations to readily understand normal and abnormal device behaviors in their networks, helping them to identify compromised devices and facilitate faster remediation.Observable Networks is a privately held company headquartered in St. Louis, MO and has received institutional backing from the Vectis II fund, of which Stifel, Nicolaus & Company, Inc. is a co-General Partner.For more information, please visit http://www.observable.net