Intel Corporation (NASDAQ:INTC) announced its Intel Security division has developed a new technology platform that will provide better security for legacyalong with improved capabilities within the electric power grid. The new technology is called the Intel Security Critical Infrastructure Protection (CIP) and it was developed in a joint project with the Department of Energy-funded Discovery Across Texas smart grid project. The project was done at the Texas Tech University.
The technology operates by isolating the security management functions of the platform from the operational applications. This allows the operational layer to be tightly locked down while it is being constantly monitored and managed. The platform is complex and deep but it is a solution that is easy to use and it works with either legacy or new infrastructure. It is also cost-effective. Intel Corporation (NASDAQ:INTC) Security CIP is easily applied to systems and requires little or no changes to the business processes or the application software. It can also be retro-fitted to work on most existing systems making it versatile for old or new operations.
Protecting The Grid
Protecting the power grid has always been a priority for Intel and it is critical to the nation as its ability to function is dependent on its operation. The company sponsored global studies in 2011 and 2010 along with Center for Strategic and International Studies (CSIS). CSIS is the top ranked think tank according to the U.S. for defense and national security by the Lauder Institute at the University of Pennsylvania. Cyber-attacks are on the rise and protecting the nation’s power grid is critical in maintaining the functionality of the country’s banks and financial systems. Past reports have made clear the grid is not adequately protected from these attacks. This makes Intel’s progress and developments even more important to not only investors, but the nation itself.
The stock is trading in a channel but a move above $35 is imminent barring any unforeseen events. The next move would be to back-fill the gap created by the recent selloff.