The importance of product cybersecurity
By 2025, 41.6 billion connected devices will be generating 79.4 zettabytes (ZB) of data that will need to be securely maintained and processed. Analysts forecast that this increase in connected devices and the data they generate will continue to grow exponentially.
Our world is also becoming increasingly electrified. The increase in data and computing is expected to require four times more electricity over the next decade. (The Internet Cloud Has a Dirty Secret - Fortune)
In a world with amped up connectivity and electrical demand, customers need confidence that their electrical power systems are constructed with trusted products. Cybersecurity is a must-have for product development, much like safety and quality. This means strict procedures and cybersecurity protocols need to be integrated at every phase of product development that involve people, processes and technologies.
Moving forward, advancing cybersecurity in our increasingly connected world will require industries and standards organizations to identify a unified global criteria for assessing products. To help create a more cyber-secure future through global standardization we have partnered with UL, the International Electrotechnical Commission (IEC) and other industry partners to drive for development of a global cybersecurity conformance assessment for power management products.