With the recent findings that the Stuxnet worm was indeed sophisticated malware designed as an industrial weapon, concerns about the cybersecurity of industrial and critical infrastructure are at an all time high. Now comes a report that over half of critical infrastructure has already been the target of politically-motivated attacks.Read More
A recent article in The Sydney Morning Herald detailed the upcoming "Cyber Storm", an international cyber security drill organized by the US Department of Homeland Security. While details are understandably scarce for reasons of international security, it is the third Cyber Storm drill since 2006.Read More
The below graph -- from this week's InformationWeek -- clearly shows that concerns about Trojans, viruses, and malware are at the top of enterprise IT's list when it comes to the use of personal devices on the corporate network.Read More
A recent Pike Research blog post discusses the first Smart Grid Cyber Security Summit in San Jose, CA as well as the major market opportunities in the smart meter security sector. As posted on Pike Research,
After listening to some of the expert presentations...[t]he refrain was consistent: the current grid, with its hodgepodge industrial control system (ICS) technologies, is highly vulnerable to a cyber attack that could destroy critical generation and T&D assets. Resulting outages could last for weeks, causing economic devastation. Smart grid integration could make it worse. Utility IT staffs with some security knowledge don’t understand ICS, and operations groups that do don’t trust, or even like, the IT groups. Nationally, very few experts (perhaps tens to low hundreds) understand enough ICS and IT to be useful.
However, according to Pike Research, the silver lining is that progress is being made in prioritizing security for the next-generation smart grid, with increased R&D from smart meter vendors as well as support from Congress.
Additionally, Pike Research points out the tremendous market opportunity in the smart meter security sector, forecasting revenue of upwards of $3.00 per meter over the next five years.Read More