PRESS RELEASE: FORTRESS LAUNCHES ASSET TO VENDOR NETWORK JOINT VENTURE WITH AEP TO HELP PROTECT THE POWER GRID FROM CYBER THREATS

Power Utilities Share the Same Cyber Security Challenges

Third PARTY RISK MANAGEMENT

CYCLE TIME:  Takes years to risk rank vendors populations

COST & FREQUENCY: Point-in-time assessments creates gaps in risk awareness

EFFECTIVENESS: Non-responsive vendors challenge risk management goals

ASSET RISK MANAGEMENT

DECENTRALIZATION: Silos lead to inconsistent governance

NO SINGLE PANE OF GLASS: Disparate tools create inefficiencies

DUPLICATION OF EFFORTS: Each organization verifies the same patch/solution

COLLABORATION is the answer, Not COMPETITION 

Introducing the Asset to Vendor Network (A2V),
Next-Generation Third Party and Asset Risk Management

Asset to Vendor network is a consortium of Power utilities who share the cost of vendor risk assessments and cyber asset vulnerability patches and solutions to reduce risk,  avoid duplication,  and bend the O&M Curve. 

 

» Records are created once, shared with many

» Automated risk rank

» Continuous operational monitoring

» Collective bargaining power is leveraged to accelerate remediation

How A2V Works

Asset to Vendor Network for Power Utilities 1

Outcomes of A2V 

THIRD PARTY RISK MANAGEMENT

CYCLE TIME:  Cost and turn time reduction from years to days
COST & FREQUENCY: Continuous operational monitoring
EFFECTIVENESS: Collective bargaining power is leveraged to accelerate remediation

 

ASSET RISK MANAGEMENT

CENTRALIZATION:  Connecting Silos to increase efficiency and effectiveness
A SINGLE PANE OF GLASS: Gives visibility and clarity
NO DUPLICATION OF EFFORTS: Data is shared between organizations

 

A2V LOAD-BALANCES EFFORT AND RISK

Organizations share many of the same assets and vendors.  Smaller companies have fewer resources to invest in securing the perimeter, which increases the risk for the whole grid.  A2V Resolves this imbalance.

 

A2V Connects Assets and Vendors in a Holistic Approach in Compliance with NERC CIP-013.

Powered by Fortress Technology

The Fortress platform Provides Supply chain risk and Vulnerability risk Management solutions for Assets and Vendors. 

» System of Record for NERC Compliance.
» Connects Assets to Vendors in Compliance with NERC CIP-013.
» Automated Risk Ranking for Faster Prioritization
» Deep Analytics with Data Exploration
» Bundled Continuous Monitoring
 

The Fortress Platform currently helps secure 10% of the US power grid & key assets.

 

Asset to Vendor Network for Power Utilities 2

Media Coverage of Asset to Vendor

Asset to Vendor Network for Power Utilities 3

NEW PLATFORM AIMS TO HELP PROTECT POWER GRID FROM CYBER THREATS

Organizations of all sizes and across all industries are under siege from cyber threats around the clock. Cybersecurity is a concern for every business, however, not all targets have equal value necessarily. Companies that form...

Asset to Vendor Network for Power Utilities 4

AEP, FORTRESS COLLABORATE TO SECURE THE U.S. POWER GRID

Fortress Information Security has launched the Asset to Vendor Network for Power Utilities (A2V), a joint venture with American Electric Power. A2V is designed to address concerns about protecting the U.S. power grid from cyber...

Asset to Vendor Network for Power Utilities 5

Fortress Information Security Strives to Help Protect Critical Infrastructure

The agencies and businesses that make up the backbone of our critical infrastructure have a larger bullseye on their backs than an average company...

Asset to Vendor Network for Power Utilities 6

HOW TO MODERNIZE THE ELECTRIC INDUSTRY

The U.S. electrical grid is old, essential, and under a lot of stress. Plenty of efforts are being made to modernize where we get our energy from, how we transmit it, and — in the event of cyberattacks — how we secure it...

Get in touch

Want to find out how Fortress can solve problems specific to your business? Let's connect.

Asset to Vendor Network for Power Utilities 7407.573.6800

 For Human Resources, please call  855.367.8737

Asset to Vendor Network for Power Utilities 8sales@fortressinfosec.com

 

Contact Sales


Asset to Vendor Network for Power Utilities 9

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(407) 573.6800
sales@fortressinfosec.com

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FORTRESS LAUNCHES INNOVATIVE COLLABORATION TO HELP PROTECT THE POWER GRID FROM CYBER THREATS

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