Cyber-Attack, Storms And Catastrophic Events Top Power And Utilities Risk Ranking

Security News ThreatsCybercrime Uncategorized

A new EY report suggested that cyberattacks are among the top risks to power and utilities companies alongside natural disasters such as storms and catastrophic events. Edgard Capdevielle, CEO at Nozomi Networks commented below.

Edgard Capdevielle, CEO at Nozomi Networks:

“It is critical for the resilience of the power supply that power companies and utilities are able to identify cyberattacks efficiently. Significant strides forward have been made, but there’s always room for further improvement. If utilities invested in cybersecurity in the same way that they invest in storm preparation their ability to manage the risk would be significantly improved. The NERC CIP regulations, combined with increasing awareness of the likelihood of an attack, have motivated many progressive utilities to seek the most advanced technologies such as artificial intelligence and automated machine learning to jump start their visibility, situational awareness, and ultimately, their abilities to detect and mitigate cyber-attacks against their operations.”