OTTAWA, ON, August 6, 2021 / CNW / – Cyber ââsecurity is integral to protection from Canada citizens, information, economy and critical infrastructure. The need has never been greater as threats evolve and threaten to disrupt our daily lives.
The Honorable Seamus O’Regan Jr., Minister of Natural Resources, announced today $ 407,000 in the financing of University of Waterloo develop an improved cybersecurity system to protect from Canada critical energy infrastructure.
The innovative material insurance system will be developed by the University of Waterloo and can detect compromised parts and devices, ensuring the safety and reliability of from Canada supply of energy by mitigating risks in its supply chain.
This is especially important as the increasing complexity of supply chains makes it more difficult for organizations to identify and mitigate potential risks as they may lose sight of the supply chain security practices of their suppliers and suppliers. .
Bruce power supply the equipment, evaluate the machine learning processes and evaluate the overall performance of the new system, while Palitronica Inc., a Canadian cybersecurity hardware and software company that is part of University of Waterloo innovation ecosystem, will provide hardware sensors to enable technological development.
the University of Waterloo and Bruce Power also contributed to the project, bringing the total investment to over $ 830,000.
Federal funding for this project is provided by Natural Resources Canada Cyber ââSecurity and Critical Energy Infrastructure Program, who received $ 2.42 million in Budget 2018 to improve cybersecurity and resilience of national and cross-border energy infrastructure under from Canada National cybersecurity strategy.
The government of Canada continues to assess emerging cybersecurity threats for from Canada secure critical energy infrastructure. NRCan is prioritizing cybersecurity and playing an active role in developing from Canada cyber security.
âOur lives have become increasingly digital, which means that the security threats we face are also becoming digital. We are investing in cutting-edge technologies with universities and industry leaders to protect from Canada energy sector against cyber threats and ensuring the security of our critical infrastructure. “
The Honorable Seamus O’Regan Jr.
Minister of Natural Resources
âCybersecurity is a central area in the university’s research profile. We are excited to use our research excellence to advance the state of the art in an area as important to the Canadian public as the energy sector. Our daily life depends on the proper functioning of the electricity grid, and increasing its cyber-posture is an important and valid challenge. “
Dean, University of Waterloo
âBruce Power strongly supports this project to develop new material assurance technology to non-intrusively and non-destructively detect counterfeit parts or devices. The project complements our current efforts to ensure the security and integrity of the supply chain for digital components.
Manager, Engineering, Bruce Power
âWith the global increase in cyber attacks, the protection from Canada energy infrastructure has never been more important than it is today. We are delighted to be working with Natural Resources Canada, the University of Waterloo and Bruce Power to demonstrate how our breakthrough technology enables unprecedented hardware assurance and enhances the cyber resilience of from Canada energy sector. “
Co-founder, Palitronica Inc.
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SOURCE Natural Resources Canada
For further information: Media Relations, Natural Resources Canada, Ottawa, 343-292-6100, [emailÂ protected] ; Ian Cameron, Acting Director of Communications, Office of the Minister of Natural Resources, 613-447-3488, [emailÂ protected]