January 09, 2017

"The US Department of Energy (DoE) has warned that the country's electricity grid faces 'imminent danger' from cyberattacks that are consistently growing in frequency, magnitude and sophistication."

IB Times: In the second installment of the department's Quadrennial Energy Review, which focuses on the threats, vulnerabilities, protection and opportunities for the electricity system in the US, the department writes that the sector is "experiencing rapid changes that are testing traditional regulatory frameworks and creating new and more complex interdependencies." By Hyacinth Mascarenhas

'"Almost every economic sector is reliant on a more interconnected, data-driven and electricity dependent system," the DoE said in a statement. "The increased digitization of the electricity sector brings multiple consumer and system benefits, and creates new and more severe vulnerabilities to cyberattacks."

'The 494-report warns that the "current cybersecurity landscape is characterized by rapidly evolving threats and vulnerabilities, juxtaposed against the slower-moving deployment of defense measures."

'"As a critical and essential national asset, it is a strategic imperative to protect and enhance the value of the electricity system through modernization and transformation. Reliable and affordable electricity provides essential energy services for consumers, business and national defense."'

"Quadrennial Energy Review: Second Installment" here

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