The foreseeti and InnoEnergy story
The company foreseeti and its fagship product securiCAD – a cyber
risk analysis tool – were both born from research conducted at the
Swedish Royal Institute of Technology. Three of the company’s fve
founders were professors in the electrical engineering department
and had been focusing on security.
As part of this research, they built a tool that would later
become securiCAD. One of their industry research partners, ABB,
mentioned how impressed they were with the tool, and suggested
it be commercialized.
foreseeti teamed with InnoEnergy, a publicly-funded but
commercially-minded European organization that looks to help
the next generation of energy innovations in Europe that will
contribute to a cleaner, more secure grid. InnoEnergy doesn’t just
offer funding, but also professional support in commercializing an
idea, building a business network and bringing it to market.
With InnoEnergy’s support, foreseeti was able to bring securiCAD
to market in January this year. In the same month, InnoEnergy and
a group of entrepreneurs invested around $1 million to scale the
business. foreseeti was also shortlisted by Ny Teknik & Affärsvärlden
as one of Sweden’s 33 hottest tech startups.
The company has since worked with two utilities looking
to model the security risks of their smart meter architectures
ahead of implementation. One included highly granular and
detailed data, where the other was sparse. Both were analyzed
in securiCAD, revealing vulnerabilities within the proposed systems
and the consequences of different types of attack. This enabled
the companies to select the optimal system, identify priority areas
to migrate to the new system, and develop smart metering security
architecture recommendations for future installations.
approach means energy companies can confdently install smart grid
systems, cracking the chicken-egg conundrum. However, it’s important
to note that this is not a replacement for reactive cyber security as it’s
not a system to fght intruders. Instead, the two types of security should
be seen as symbiotic, feeding into one another.
So, the technology is there; the will to invest in security is there – that’s
everything in place, right?
Actually, there’s one more structural barrier to how cyber security is
addressed in energy organizations. It’s great to see dedicated budgets
and teams emerge to take cyber security seriously, as we have over
the last few years. However, as with any team, resources are limited.
There’s a fnite amount of time and money to spend. This is a problem
– not necessarily because the budgets are too low – but because their
attention is entirely tied up with reacting to threats. With frefghting. In
these circumstances, it’s extremely diffcult for cyber security teams to
carve out time to strategically invest proactive systems.
What’s needed are separate departments – or teams within one
cyber security department – with their own budgets completely
focussed on reactive and proactive cybersecurity respectively.
Obviously they will need to work closely together, but this will ensure that
utilities can freproof as well as frefght. It’s already diffcult for energy
companies to fnd and invest in cyber security, especially with top talent
so scarce. However, the smart grid is a big project, and its security a big
priority. At least, though, there’s a way out of that infuriating chicken-
and-egg conundrum of which needs to come frst: proactive smart grid
cyber security design.
Robert Lagerström is the founder of cyber security startup foreseeti.
Arshad Saleem is smart grid thematic feld leader at InnoEnergy.
for more information
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Helmershäuser Str. 9+ 12 · 63674 Altenstadt / Germany
Phone +49.60 47. 80 06-0 · Fax +49.60 47.80 06-29
www.ohl-gutermuth.de · firstname.lastname@example.org
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