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US Officials Urged to Examine Chinese Risk to Electric Grid

Data Breach Today

Utility Vendors Have Cut Back on Buying Chinese Transformers Due to Security Risks Utility companies have increasingly refrained from purchasing large power transformers from China given greater awareness of the security risks.

Risk 232
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CISA JCDC Will Focus on Energy Sector

Security Affairs

This effort began with the 2018 establishment of the Cybersecurity and Infrastructure Security Agency (CISA) , a Department of Homeland Security division. To address this gap, the JCDC is planning proactive measures for future cyber risks. Strengthen operational integration and collaboration with members of the energy sector.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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Cybersecurity in utilities: Critical questions for securing distributed energy resources (DERs)

CGI

Cybersecurity in utilities: Critical questions for securing distributed energy resources (DERs). The energy transition is driving a shift toward the increasing use of distributed energy resources (DERs). From a cybersecurity perspective, DERs pose new and unique challenges for utilities.

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Data Encryption Shields the Energy Sector Against Emerging Threats

Thales Cloud Protection & Licensing

Data Encryption Shields the Energy Sector Against Emerging Threats. Security of CNI is a national security issue. The energy sector is part of the critical national infrastructure (CNI), and delivers services that are essential for modern life. Energy services companies are a lucrative target for adversaries.

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FERC, NERC joint report on cyber incident response at electric utilities

Security Affairs

The US FERC and NERC published a study on cyber incident response at electric utilities that also includes recovery best practices. Federal Energy Regulatory Commission (FERC) and the North American Electricity Reliability Corporation (NERC) released a study on cyber incident response and recovery best practices for electric utilities.

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The Growing Presence (and Security Risks) of IoT

Thales Cloud Protection & Licensing

That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. The issue is that these tens of billions of new devices will likely amplify the inherent security risks of IoT.

IoT 122