Trend Micro and Moxa announce LoI for JV to Tackle Security Needs In Industrial IoT Environments

Trend Micro Inc. has executed a letter of intent relating to the formation of a joint-venture corporation--TXOne Networks--which will focus on the security needs present in the Industrial Internet of Things (IIoT) environments, including smart manufacturing, smart city, smart energy and more.

Historically, within industrial environments Information Technology (IT), and Operations Technology (OT), have operated within industrial organizations as isolated and independent networks, with different teams, objectives and requirements.

Organizations are full of machinery and devices that were not originally designed for the connectivity to the corporate network, which means they often lack the ability to be easily updated or patched for security measures. There is a critical need to secure these devices, identify clear ongoing ownership and to provide a holistic view across the broadening attack surface within enterprises.

Trend Micro, majority owner in TXOne Networks, identified the potential challenges faced by IIoT stakeholders early on and has been working on several fronts to secure the entire ecosystem, from data center to device. Moxa Inc. brings more than 30 years experience of industrial networking and protocol expertise.

TXOne Networks combines these strengths and responds to the growing security needs of the industrial industry, such as smart factories that require a unified solution for delivering deeper visibility into both devices and protocols. These complicated environments are made up of multiple layers requiring protection that sits in and  between IT and OT. The responsibility for the security of these combined layers is traditionally unclear.