Clavister Wins OT Security Contract with Major European Energy Provider

The contract has an initial order value for Clavister of approximately 2 MSEK, with an expected growth to 10 MSEK in the coming few years. The contract includes software licences, turn-key hardware appliances and professional services in the OT (operational technology) security domain. The business with the customer has the potential to further scale into other areas of Clavister’s solution portfolio.
 
The energy and utilities sector is a high-risk industry from a cyber perspective. Threat actors aiming to paralyse a region or even an entire country, are targeting energy systems as a key component in conducting hybrid warfare. The geopolitical situation is clearly one of the major drivers of the cyber challenges within the energy sector. A coinciding trend, however, is the convergence of closed operational technology (OT), with more open internet-based systems. This exposes intrinsically unsecured networks and products to the public, dramatically increasing the threat surface.
 
To mitigate the industry’s shortcomings, the new NIS2 directive - which is now coming into force as national legislation in all the EU member states - places stringent requirements on the energy sector, among others, to implement solutions and procedures to improve the security posture. As a result, an increase in cybersecurity spending is expected across the board within the energy sector.
 
“There is a real cyber war going on, where the stakes are higher than ever. This is especially true within the energy sector, where successful cyberattacks could have devastating consequences for society. In this critical context, we are particularly honoured to be selected as the cybersecurity provider to this energy provider,” comments John Vestberg, CEO of Clavister.