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How Electric Utilities Can Reduce Their Cyber Risk
A successful cyberattack against the electric grid could have enormous consequences that would ripple throughout other industries. In a January 2019 report, “Managing Cyber Risk in the Electric Power Sector,” Deloitte notes that energy is one of 16 critical infrastructure sectors identified by the U.S. government as so vital that its incapacitation would have a “debilitating effect” on national security, the economy, health and safety. “The power sector is seen as uniquely critical for the ‘enabling function’ it provides across all critical infrastructure sectors,” the report notes. “If the power went out across a large region for an extended period, highly dependent systems — such as financial, communications, transportation, water and sewer networks — would be severely impacted, leaving the population immobile, incommunicado and in the dark.” It’s alarming, then, that cyberattacks against the energy sector are growing in both number and sophistication.
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