TAMPA, Florida, 51st Annual Energy IT Conference - Oct. 14, 2003 - Symantec Corp. (Nasdaq: SYMC), the world leader in Internet security, today announced Symantec for Electric Power, a customizable security offering designed to better manage information security risk within electric utility companies. The comprehensive solution includes security assessments, managed security services, and Symantec's world-class enterprise security technologies that have been assembled and enhanced to meet the specific IT security needs of the electric power industry.
"Our analysis of cyber security trends last year resulted in solutions developed and targeted specifically at helping electric utilities industry safeguard its corporate and operational IT infrastructure," said Ann Marie Beasley, vice president, Industry Solutions at Symantec. "Symantec for Electric Power is the result of examining the business drivers within the electric power industry, then applying information security in such a way that it becomes an enabler to the strategic initiatives underway within electric utilities."
IT security and critical infrastructure protection remain a primary concern for electric utilities executives. As openness increases, electric power generation and distribution systems are becoming more vulnerable to attacks. Virus and worm activity threatens business continuity as evidenced by the recent Blaster, Slammer, and Welchia worms. Industry reports have indicated that electric utilities continue to fall victim to various forms of cyber attacks such as these.
At the same time, utility companies face a widening range of government standards and regulations, including the ability to demonstrate full adherence to the North American Electric Reliability Council (NERC) cyber security Urgent Action Request 1200 by January 2005. Electric power utilities also continue to search for cost-cutting measures by increasing efficiencies and leveraging existing infrastructure investments.
Symantec for Electric Power helps electric utilities prevent attack-related service interruptions while complying with government standards and regulations. It is offered as a selection of enhanced security technologies and services from which utility companies can choose, based on specific corporate needs or existing gaps in a specific security area. These products and services include Supervisory Control and Data Acquisition (SCADA) Assessment Services, Symantec Managed Security Services, Symantec ManHunt, Symantec Enterprise Security Manager, Symantec DeepSight Threat Management System, Symantec DeepSight Alert Services, Symantec Gateway Security, and Symantec Client Security. Each critical security component is described below. For more information, please visit http://enterprisesecurity.symantec.com/industry/power.
SCADA Assessment Service
Offered by Symantec's Professional Services Group, SCADA Assessment Service evaluates the security of the utilities companies' Energy Management System and SCADA systems. These specialists have worked extensively with electric utilities to identify vulnerabilities and recommend remediation steps. After the assessment, Symantec offers system-level recommendations in network design and operational procedures.
Symantec Managed Security Services
Symantec Managed Security Services is a cost-effective and vendor-neutral way of optimizing security resources, strengthening corporate security posture, integrating early warning capabilities, and ensuring fast response. As the managed security services provider for several leading U.S. utilities, Symantec Managed Security Services delivers industry leading real-time security monitoring and management as well as immediate response to potential security threats. From Symantec's Security Operations Centers (SOCs) around the world, Symantec Managed Security Services provides flexible, vendor-neutral offerings to meet the needs of electric utilities.
In an October 2002 report, Gartner Group recommended that utilities incorporate intrusion detection into their SCADA systems. According to Gartner, intrusion detection helps ensure business continuity, prevents attack-induced outages, enables quicker response, and decreases IT costs while optimizing IT staff utilization. Not only does Symantec ManHunt provide quick and accurate detection of intrusions, it correlates security events, reduces false positives, and protects against zero-day attacks.
Symantec Enterprise Security Manager
Symantec Enterprise Security Manager enables electric utility companies to provide documented proof of cyber security policies and adherence practices. Symantec Enterprise Security Manager provides decreased IT costs and better IT staff utilization as well as quicker response to ensure business continuity. Symantec Enterprise Security Manager can be delivered to include a specific set of policy templates that utilities can use to implement an information security policy that addresses the approved NERC cyber security standard.
Symantec DeepSight Threat Management System and DeepSight Alert Services
Receiving early, detailed alerts of potential attacks allows electric utility companies to efficiently prioritize tasks and deploy internal resources. Early warning is key to maintaining business continuity and allows the utility to take proactive measures to keep power flowing.
Symantec DeepSight Threat Management System delivers early warning of attacks and offers countermeasures to combat those attacks before they affect the electric utility. Early warning alerts are based on global virus data submissions as well as global data generated by intrusion detection and firewall sensors of over 20,000 data partners in over 180 countries.
Symantec DeepSight Alert Services helps protect systems from vulnerabilities and malicious code before it strikes. By providing notification of potential threats as soon as they're identified. Symantec DeepSight Alert Services helps electric utilities mitigate vulnerabilities before they can be exploited.
Symantec Gateway Security and Symantec Client Security
Without adequate protection against viruses, worms, and other malicious code, mission-critical utility company systems are at risk of being directly compromised or of having their networks slowed dramatically, thereby impacting business continuity. Symantec Gateway Security and Symantec Client Security provide integrated protection at both the gateway and the client to ensure uptime and preserve business continuity.
For more information, please visit http://enterprisesecurity.symantec.com/industry/power.
Symantec is the world leader in providing solutions to help individuals and enterprises assure the security, availability, and integrity of their information. Headquartered in Cupertino, Calif., Symantec has operations in more than 40 countries. More information is available at www.symantec.com.
NOTE TO EDITORS: : If you would like additional information on Symantec Corporation and its products, please view the Symantec Press Center at http://www.symantec.com/PressCenter/ on Symantec's Web site. All prices noted are in US dollars and are valid only in the United States.
Symantec, the Symantec logo, VERITAS, and the VERITAS logo are trademarks or registered trademarks of Symantec Corporation or its affiliates in the United States and certain other countries. Additional company and product names may be trademarks or registered trademarks of the individual companies and are respectfully acknowledged.
FORWARD LOOKING STATEMENT: This press release contains forward-looking statements, including forecasts of future revenue and earnings per share, expected industry patterns, and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates, particularly in consumer products; whether certain market segments, particularly enterprise security, grow as anticipated; the positioning of Symantec's products in those segments; the competitive environment in the software industry; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Symantec can successfully develop new products and the degree to which these gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release. Additional information concerning these and other risk factors is contained in the Risk Factors sections of Symantec’s previously filed Form 10-K and Form 10-Q.