SIGA announces its European HQ in Luxembourg to rapidly scale SIGA’s services for the cyber defence of national infrastructure and manufacturing facilities across Europe. SIGA will leverage its new Luxembourg office to expand its customer base and distribution networks with industrial automation and OT cybersecurity partners.
SIGA joined the House of DeepTech Roundtable with the Ministry of Economy of Luxembourg and Chief Information Security leaders in Europe last week to trade notes on best practices and lessons learned internationally.
The global cybersecurity market, valued at USD 183.34 billion in 2020, has a CAGR of 11.6% from 2021-to 2030. Analysts predict it to reach USD 539.78 billion by 2030 (Research and Markets, Oct 6, 2021). Luxembourg was a natural choice for SIGA’s European headquarters, as it was recently voted second most inclusive economy globally and second in the world for market access and infrastructure.
The accelerating pace of cyber attacks on infrastructure poses greater public safety and economic risks to industry and the public and forces CISOs to anticipate a third-party risk. Accidents can be as catastrophic as attacks, as Chernobyl demonstrated so well. The high effectiveness of level zero detection of incipient attacks and accidents adds unique value to the cyber risk governance stack.
Also Read: Four Ways CISOs can Strengthen Stakeholder Trust
As for every system connected to the Internet, CISOs must adequately secure their industrial control systems. Yet industrial physical processes are often overlooked in this mission because they are tied to legacy mission-critical systems and depend heavily on low-level sensor/actuator infrastructure.
SIGA’s mission in Europe is to expand its footprint to secure the integrity of critical OT processes by delivering AI-enhanced monitoring and in-depth operational situational awareness. SIGA’s unique machine-learning-based solution is designed to monitor the most reliable level of process data within any operational environment, the physical layer, and detect anomalies that indicate cyberattacks or operational faults.
Through SIGA’s Incipient Failure Detection solution, SigaGuard, the company mission is to secure the integrity of critical OT physical processes by delivering AI-enhanced monitoring and uncovering in-depth operational perception for secure, safe, productive & continuous operation. SIGA’s technology incorporates a comprehensive process anomaly detection system that monitors critical assets using LEVEL 0 ICS electrical signals-based predictive analysis and artificial intelligence. It is an autonomous and intelligent “out-of-band” solution and cannot be hacked or manipulated.
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