Why did Honeywell buy Nextnine, an Israeli cyber security company?

According to reports, Honeywell, an American technology giant, recently announced the acquisition of Israel's Nextnine Company for $35 million, which is a huge acquisition in the field of cyber security in Israel recently. The person in charge of Honeywell said that the acquisition was for the sake of industrial automation safety.

According to the report, unlike the Internet era, there are more terminal devices in the Internet of Things and more "targets" that can be hacked. Moreover, many IT talents are good at using the latest technology, but have no working experience in the field of industrial automation, unable to understand the problems left over from the automation control system and unable to apply IT network security construction solutions to the Internet of Things.

It is reported that for many automation control industries, network security is a big hidden danger. In 20 16, the power system in at least three regions of Ukraine was attacked by extremely destructive malware, which led to a large-scale power outage, resulting in thousands of families spending Christmas in the dark. According to the latest report of Tripwire, a global network security solution provider, 82% of oil and gas companies said that the number of cyber attacks they suffered in the past year increased significantly compared with the past. Among them, 69% companies did not take corresponding precautions in this respect at all, and the attack occurred.

Honeywell said that the core technology of Israeli security company Nextnine is ICS Shield, which can protect industrial sites from cyber security attacks and remotely monitor equipment in real time. At present, it has been deployed in more than 6,200 job sites in the global oil and gas industry, chemical industry, mining industry and manufacturing industry, and has also been adopted and used by 5-7 largest industrial system suppliers in the world.

Netizens said that the network security market has great potential, and enterprises that occupy a place in advance and take root deeply like Nextnine are likely to shine in the future.