- Honeywell has acquired OT and IoT cybersecurity provider, SCADAfence, to bolster defenses against growing ransomware attacks within the manufacturing industry.
- The acquisition will help identify and eliminate blind spots in unmanaged or legacy systems, and is set to help Honeywell double its research and development for OT cybersecurity.
- The manufacturing sector witnesses the highest number of ransomware attacks, accounting for 23% of all such incidents last year, highlighting the importance of this move for Honeywell.
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