SCION can help to cut costs, study reveals
Lucerne/Zurich - SCION Association has presented a new use case analysis on the application of SCION technology. The study, carried out in conjunction with SIX, Eraneos and Anapaya, attests not only to enhanced cybersecurity for the participating companies, but also to significant cost reductions of up to 1.3 million Swiss francs.
The Lucerne-based SCION Association has presented a new use case analysis for SCION (Scalability, Control, and Isolation On Next-Generation Networks) technology. The analysis was produced in partnership with the Zurich-based organizations SIX, Eraneos and Anapaya, as detailed in a statement. The SIX Group had tested the technology within the framework of the Secure Swiss Finance Network (SSFN) and, like Eraneos, boasts expertise in relation to SCION. Anapaya completes the trio as a commercial provider of SCION technology. SCION was developed at the Swiss Federal Institute of Technology in Zurich (ETH).
SCION technology offers an alternative to the current internet standard. This innovative protocol routes data along the most efficient and secure paths, allowing senders to define these paths themselves. Analysis showed that, compared with traditional connectivity solutions, using SCION technology improved cybersecurity, provider diversity and choice, while simultaneously reducing risks posed by third-party providers. Moreover, enterprises in various network scenarios could achieve cost savings of up to 1.3 million Swiss francs.
“SCION offers a differentiated combination of path awareness, multi-provider connectivity, and governance capabilities that is uncommon in conventional enterprise network models”, comments Nicola Rustignoli, co-CEO of SCION Association, adding that: “It offers superior capabilities meeting present-day cyber resilience, data protection, and optionality requirements. At the same time, for the very first time, we were able to demonstrate that it provides substantial cost savings when replacing traditional solutions and high returns on investment when complementing existing perimeter-based solutions”.
