Microchip Technology Incorporated and Arrow Electronics announced an engineering services collaboration to simplify connectivity and security across industrial, smart building and energy markets. According to NIST, cybersecurity and privacy risks for IoT devices can be thought of in terms of three high-level risk mitigation goals, including protecting: device security, data security, and individuals' privacy. Arrow will augment Microchip's smart, connected, secure portfolio with engineering services so that original equipment manufacturers (OEMs) can decrease their time to market and meet requirements in recent government legislation and NIST IoT security guidelines.