4Q 2018

Cybersecurity Will Define Market Leaders in the Intelligent Buildings Market

Intelligent buildings are vulnerable to cybersecurity attacks. The information/operational technology (IT/OT) convergence has led to gaps in human capital skill sets, resulting in infrastructure that is subject to cybersecurity breaches. This issue is exacerbated by trends in big data and the Internet of Things (IoT), which increase the vulnerabilities of a potentially weak IT architecture. Yet, data hacks and security breaches threaten more than just valuable digital assets. Cyber attacks also put physical infrastructure, tenant safety, and the bottom lines of businesses at risk.

Smart buildings are centered around the ideas of connectivity and interactivity. These ideas require human-machine interfaces to share information more broadly with the building staff, which now includes not just IT members, but also building engineers, facility managers, and even the C-suite. The new interfaces dramatically increase access points, provide a gateway to sensitive data, and create new vulnerabilities for the building automation system. Meanwhile, the proliferation of IoT-enabled devices and third-party entities has widened the surface area for attack, further compounding the security issue by making threat detection less straightforward and more difficult to remedy. Security issues are expected to grow in tandem with the flurry of IoT as part of the digital transformation within real estate. Navigant Research expects this nascent IoT cybersecurity market to show steady growth as the demand for strong security solutions continues to increase.

This Navigant Research report examines the cybersecurity landscape for intelligent buildings and the implications of increased IoT connectivity. It analyzes several best practices and strategies that managers and vendors are taking to secure intelligent building systems. The report also provides a list of recommendations for stakeholders to integrate into their cybersecurity frameworks as they continue to build resilience against threat vectors.

Pages 13
Tables | Charts | Figures 2
  • How are legacy building operational systems at risk?
  • What challenges do building managers face when looking to secure their systems?
  • What approaches should managers take to build more cybersecure building operational systems?
  • How has the regulatory environment responded to demand for cybersecure systems?
  • What are the best practices for building resilient and cybersecure building systems?
  • Intelligent building managers
  • Smart technology vendors
  • IT companies
  • Utilities
  • Software vendors
  • Energy managers
  • Government agencies
  • Investor community

Spark

Context

Recommendations

Legacy Building Automation Systems Are Vulnerable to Cyber Attacks

Evolving Energy Ecosystems Complicate Risks

Significant Challenges Remain in Securing Intelligent Buildings

Upper Management Needs to Lead the Cybersecure Way

The Market Needs Better Coordination

Cyber Awareness Has Not Invoked Action across the Board

Security Frameworks Influence Strategic Responses

New Approaches and Applications to Security Enhance Resiliency

Early Detection Is Key to Enhanced Security

What Does Navigant Research Recommend?

Determine Vulnerabilities and Attack Vectors

Educate and Train the Enterprise

Take a Layered Approach

Build a Cyber Threat Alliance

Continue to Strengthen Lines of Defense

  • The Continued Digital Evolution
  • IoT Vulnerabilities, Attack Surfaces
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