Security

A Future of Smart Building Cyberattacks in the Pipeline?

On May 7th 2021, the Colonial Pipeline Company announced it was the victim of ransomware cyberattacks that forced it to disable the largest petroleum pipeline in the US. The Colonial Pipeline carries 2.5 million barrels a day of gasoline, diesel, heating oil, and jet fuel on an almost  9,000 km route from Houston, Texas, to Linden, New Jersey, representing around 45% of the nation’s East Coast supply. Once the story hit the news, residents of the Northeast US flocked to gas stations causing fuel shortages that spread panic across the region.  “It’s more likely that fuel shortages will be a result of panic buying from consumers watching the headlines unfold, as opposed to shortages directly caused by the attack,” Marty Edwards, VP of operational technology security for Tenable, told Vox-Recode. “This is something we saw with Covid and grocery stores selling out of household items. Regardless, it shows the impact cybersecurity has on our everyday […]

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Azbil’s Building Automation Business 2021 Examined

In this research note, we examine the Building Automation (BA) business of Azbil, based on their FY2021 Annual Report, investor presentations, and building technology-related activities throughout 2021. Building Automation, the largest of three business units, accounts for 47.3% of 2021 net sales. The other two businesses are Advanced Automation which supplies process and factory automation products […]

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