NanoLock and Renesas Partner to Safeguard Smart Meters
Hod Hasharon, Israel – September 14, 2022 – NanoLock Security, a leading device-level cybersecurity provider for smart meters and IIoT devices, and Renesas Electronics Corp., a prominent global semiconductor manufacturer, today announce a partnership to introduce a new platform that will further secure Renesas’ customers’ smart meters from cyber-attacks. The joint solution from the Israeli cybersecurity company and the Japanese microcontroller unit (MCU) maker will be available to all Renesas customers, including many of the world’s leading smart meter manufacturers.
Cyberattacks on energy infrastructure providers and utilities are escalating, with smart meters being a major target for these hacks. A breached smart meter carries the potential for hackers to seize customers’ personal data, compromise company revenues, and even impact local area power supply. These attacks can come from outsiders, supply-chain sources, or insiders. Human error is also a major cause of security compromise in IIoT applications. Each of these vectors is made more viable by the continued expansion of smart meter networks to reach ambitious rollout goals.
NanoLock and Renesas have partnered to wholly address these risks with a Zero Trust solution that prevents any and all unauthorized outcomes, regardless of source. This joint solution safeguards consumer privacy, provider revenues, and continuity of energy supply, and complies with recent IIoT security recommendations issued by many national governments. The joint solution will also allow for Renesas to offer cybersecurity monitoring and management capabilities to its customers.
“Smart meters are rolling out to consumers as fast as manufacturers can produce them, and hackers see these devices as high-leverage targets for financial gain,” said David Stroud, Head of Europe and APAC, NanoLock Security. “With our partnership, Renesas will now have products with the highest level of protection on the market, providing their smart meter customers protection for their physical and digital infrastructure, customer data, and present and future revenues.”
To find out how manufacturers can take advantage of the new Renesas MCUs to better secure their smart meters, visit Renesas RL78 Partner page. To learn more about NanoLock, visit NanoLockSecurity.com.