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“Energy Regulators Respond to Increasing Cyber Threats to the Grid”

Safe & Sound By Adam T. Margolin

Below is an excerpt:

As anyone who even casually watches the nightly news can tell you, breaches of customer and corporate data can cause serious financial, legal, and reputational harm to a company. But, for energy companies that own and operate physical assets that comprise the nation’s power grid, understanding and complying with the federal government’s complex and constantly evolving cyber regulations for the energy industry is part of a larger effort to prevent cyber attacks that could cause devastating power disruptions. A recent report from Lloyd’s suggested that the economic havoc resulting from a cyber attack on the grid could exceed $1 trillion.