Frost & Sullivan recognizes Cyolo’s product innovation for secure remote access to OT, ICS environments

September 20, 2023

Cyolo raises US$60 million Series B round, will offer greater visibility, traceability, control to digital transformation initiatives

Cyolo announced Tuesday that it had been recognized by Frost & Sullivan with the 2023 North American New Product Innovation Award for Secure Remote Access to Operational Technology and Industrial Control Systems (OT/ICS). The company offers a single, easy-to-deploy, use, and manage solution that protects global companies from high-risk access scenarios and ensures safe OT environments.

As industrial enterprises digitally advance, securing connections to critical devices is key to executing their growth strategies. Frost & Sullivan conducted an evaluation of the access solutions available to OT/ICS environments and awarded Cyolo’s platform as it delivers a universal zero-trust access (ZTA) solution that provides ‘unrivaled’ secure identity-based access to local, remote, and third-party users.

Cyolo solves the weaknesses of standard remote access tools and connectivity methods by granting access only to authorized users and monitoring interactions even after authorization. The solution grants access to assets based on identity, minimizing the risk of hackers accessing a network through stolen credentials, particularly in industries such as life sciences, pharma, oil and gas, energy, banking, and insurance. Able to operate without any external connection, Cyolo delivers secure connectivity to OT environments with no impact on operational workflows.

Standard remote access and connectivity methods allow broad network access with stolen credentials, which increases the risk of attackers gaining access to sensitive information. Cyolo’s product performance is superior to competitors because it reduces attack chances by granting users limited access to assets.

“Cyolo offers a single-platform approach with complete security by combining the best of multiple technology categories. Therefore, another thing that Cyolo does differently from competing solutions is that it can perform Identity and Access Management natively in its platform and does not require integration with other platforms or tools,” Sankara Narayanan, industry principal at Frost & Sullivan, said in a media statement.

“The Frost & Sullivan recognition showcases Cyolo’s commitment to providing the most complete approach to corporate access, safeguarding enterprises’ most valuable assets,” said Joe O’Donnell, GM OT – SVP Corporate Development at Cyolo. “Unlike many self-proclaimed zero trust vendors attempting to provide bits and pieces of a secure access model in the ICS/OT landscape, Cyolo truly offers clients a way to connect strong identities to applications, against the traditional, outdated way of users to networks. Our clients advocate for our Zero-Trust Platform and affirm that ‘Cyolo is the one solution that OT and IT agree on.’”

Cyolo engineered its technology to integrate with various applications and systems making it ‘attractive’ for IT and OT environments. Its ZTA solution and user interface feature an intuitive, easy-to-use, and highly optimized user experience that seamlessly integrates with most existing technology, including legacy applications, isolated and protected environments, current network topology, and identity infrastructure.

Additionally, the Cyolo solution’s extraordinary ease of use enables customers to deploy in a single day, guaranteeing that all stakeholders can leverage the solution’s full potential rapidly and demonstrating the value of the team’s investments from day one.

“Cyolo offers safe, modern connectivity to OT environments without impeding business operations and production systems or disrupting the employee or operational/business workflows, which are critical for a company to stay secure, agile, and productive,” Narayanan noted.

For its strong overall performance, Cyolo earned Frost & Sullivan’s 2023 North American New Product Innovation Award in the North American secure remote access market for OT environments.

Last month, Cyolo announced the launch of its recently formed security research team and the details surrounding its upcoming technical session at BSides Las Vegas 2023. The team empowers enterprises with proactive insights into emerging threats introducing recently uncovered critical vulnerabilities presenting security risks and compliance issues.