Needham, Mass., August 15, 2018: In the interest of safety and secure Internet of Things (IoT) deployments, PTC has unveiled a Coordinated Vulnerability Disclosure (CVD) Program.
The new program is designed to support the reporting and remediation of security vulnerabilities that could potentially affect the environments in which PTC products operate, including industrial and safety-critical industries, the company said on its blog.
The Program is “an essential component of PTC’s Shared Responsibility Model, which defines a framework for cybersecurity collaboration with customers, partners, and others within the industry.”
PTC’s Chief Executive Officer Jim Heppelmann highlighted this thought-leadership during his keynote presentation at the recent LiveWorx industry event, inviting partners and customers to work together with PTC to improve security by taking responsibility – and embracing speed – for the security responsibilities under their control.
As an extension to its Shared Responsibility Model, PTC’s CVD Program now seeks contributions from external researchers who detect vulnerabilities in PTC’s ThingWorx-branded products. PTC invites both private individuals and organizations to report security vulnerabilities following a well-defined process, which aligns with the National Telecommunications and Information Administration (NTIA) Safety Working Group’s template. This program ensures that researchers can count on PTC to cooperate to protect its customers and the safety/privacy of the public.
“Sophisticated software and hyper-connectivity are fueling innovation at an unprecedented pace,” said Joshua Corman, SVP and Chief Security Officer, PTC. “Those conditions can potentially introduce new classes of accidents and adversaries. In this new world order, cyber safety and security must become everyone’s responsibility, and we must work together to address such threats.
“PTC’s CVD Program is one significant step toward such collaboration, inviting private individuals and organisations to identify and communicate security vulnerabilities in a way that we can quickly assess, mitigate, and take corrective action to help further secure our products and customer implementations,” he added.
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