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Machine Authentication: Endpoint Security in the Smart Factory

Industrial Internet of Things (IIoT), cybersecurity, Mike Harris, ELATEC, Inc. connected machines, Smart Facdtory, zero-trust security model, networked devices, security practices, Radio-frequency identification (RFID), end-point security, Operational Technology (OT) devices

A guide to best practices in cybersecurity for production machinery. One of the most essential things manufacturers can do is break down the silos between OT and IT. OT/IIoT devices must have the same level of attention and protection as laptops, servers and other IT devices.

Experts
Mike Riley
Peter Morici
Josh Spoores
Steve LeFever
John Graham

Business Industry News

Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, recently announced that it has finalized a $427,538,000 term asset-backed security (ABS) transaction. The securitization was placed with a diversified group of fixed income investors from 32 unique institutions. Wells Fargo Securities, LLC served as Structuring Agent and Lead Bookrunner for the placement. The securitization is supported by CCG’s finance originations in the construction, fleet transportation, manufacturing, and waste equipment industries and is comprised of five classes of notes which carry the following ratings: Notes S&P Moody’s Dollar Amount Class A-1 A-1+ P-1 $94,600,000 Class A-2 AAA Aaa $277,047,000 Class B AA Aa2 $21,822,000 Class C A A1 $16,033,000 Class D BBB+ Baa2 $18,036,000 “This is CCG’s second securitization of the year, and our largest transaction to-date. We're delighted with the positive reception of this offering and grateful for the ongoing support from the institutional ABS investor community," Stated Paul Bottiglio, CCG’s SVP and CFO. “This transaction further enables us to assist our middle-market customers in the financing of their mission-critical equipment.” About Commercial Credit Group Inc.: Commercial Credit Group Inc., a wholly owned subsidiary of Commercial Credit, Inc., is an independent commercial finance company that provides equipment loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing and waste industries. The company’s sales force is located throughout North America. Since its inception in 2004, CCG has originated over $6.5 billion of equipment loans and leases. CCG is headquartered in Charlotte, NC. For more information, please visit www.commercialcreditgroup.com.
Equipment Finance Company Closes 17th Asset-backed Security Transaction

Charlotte, N.C.-based Commercial Credit Group Inc. closes $427,538,000 Term ABS (CCGR Trust 2023-2); it is the company’s largest transaction to-date.
IMTS 2022, digital manufacturing technologies, Okuma, Mazak, Hermle USA, Dassault Systemes, Delmia, INDEX, Creaform, Zeiss, Hexagon, Autodesk, Heidenhain
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Commercial Credit Group, asset-backed security, equipment finance
Equipment Finance Company CCG Closes $420,650,000 Term ABS

The financing supports the securitization of CCG’s customer equipment finance originations in manufacturing and other industries.
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