Will help vendors in assessing security risks and help purchasers of products in mitigating risk
NORTHBROOK, Ill. — UL (Underwriters Laboratories) has announced its new Cybersecurity Assurance Program (UL CAP). UL CAP uses the new UL 2900 series of standards to offer testable cybersecurity criteria for network-connectable products and systems to assess software vulnerabilities and weaknesses, minimize exploitation, address known malware, review security controls, and increase security awareness. UL CAP is for vendors looking for trusted support in assessing security risks while they continue to focus on product innovation to help build safer more secure products, as well as for purchasers of products who want to mitigate risks by sourcing products validated by a trusted third party.
UL noted that as cyber-attacks become more sophisticated, harder to protect against, and more costly, security precautions are critical. There will be 21-50 billion connected devices by 2020, according to Gartner and other industry reports. By 2018, it is predicted that 66 percent of networks will have an Internet of Things (IoT) security breach. The security and financial risks impacting products and services globally for the public and private sectors and consumers alike are the key drivers to develop new safeguards in an ever-changing security threat landscape faced with growing risks.