Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Risk

9/19/2012
11:35 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Inadequate Smart Grid Security Poses Risk To Consumers

Utilities still consider cybersecurity as an additional and unnecessary expenditure, according to GlobalData

LONDON, UK (GlobalData), 19 September 2012 - The reluctance of utility companies to spend on adequate smart grid security could put consumer privacy at risk, states a new report from business intelligence providers GlobalData.

According to the firm's most recent analysis*, utilities still consider cyber security as an additional and unnecessary expenditure, and focus on meeting (often lacking) regulatory standards rather than providing comprehensive protection.

This attitude could have the knock-on effect of reducing interest among cyber security industry players in developing effective security solutions for smart grid technologies such as sensors, relays, meters, and remote terminal units.

Additionally, as there is currently no secure system for disclosing vulnerability, companies are reluctant to share information regarding the cyber attacks they have experienced for fear of inadvertently leaking data.

The record of threats is insubstantial, meaning that utility companies are less likely to spend on costly security solutions. This scenario is especially apparent in the case of investor-owned utilities, where the lack of evidence makes it difficult to persuade shareholders of a sufficient return-on-investment (ROI) from cyber security.

The two-way flow of data that smart grid technologies involve enables power firms to monitor electricity consumption and more efficiently control supply to consumers. However, this same system, if corrupted, could also be used to carry out real-time surveillance, determine personal behaviour patterns, and even facilitate identity theft.

Utilities and governments around the world have already faced public resistance to the implementation of smart grid technologies, including protests in Canada, the Netherlands and the US.

* Cyber Security in Smart Grid – Market Size, Key Issues, Regulations and Outlook to 2020

-ENDS-

-NOTES TO EDITORS-

This report provides insights into global developments related to cyber security in smart grid.

This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData's team of industry experts.

-ABOUT GLOBALDATA-

GlobalData is a leading global business intelligence provider offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
DevSecOps: The Answer to the Cloud Security Skills Gap
Lamont Orange, Chief Information Security Officer at Netskope,  11/15/2019
Attackers' Costs Increasing as Businesses Focus on Security
Robert Lemos, Contributing Writer,  11/15/2019
Human Nature vs. AI: A False Dichotomy?
John McClurg, Sr. VP & CISO, BlackBerry,  11/18/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: -when I told you that our cyber-defense was from another age
Current Issue
Navigating the Deluge of Security Data
In this Tech Digest, Dark Reading shares the experiences of some top security practitioners as they navigate volumes of security data. We examine some examples of how enterprises can cull this data to find the clues they need.
Flash Poll
Rethinking Enterprise Data Defense
Rethinking Enterprise Data Defense
Frustrated with recurring intrusions and breaches, cybersecurity professionals are questioning some of the industrys conventional wisdom. Heres a look at what theyre thinking about.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-15073
PUBLISHED: 2019-11-20
An Open Redirect vulnerability for all browsers in MAIL2000 through version 6.0 and 7.0, which will redirect to a malicious site without authentication. This vulnerability affects many mail system of governments, organizations, companies and universities.
CVE-2019-15072
PUBLISHED: 2019-11-20
The login feature in "/cgi-bin/portal" in MAIL2000 through version 6.0 and 7.0 has a cross-site scripting (XSS) vulnerability, allowing execution of arbitrary code via any parameter. This vulnerability affects many mail system of governments, organizations, companies and universities.
CVE-2019-15071
PUBLISHED: 2019-11-20
The "/cgi-bin/go" page in MAIL2000 through version 6.0 and 7.0 has a cross-site scripting (XSS) vulnerability, allowing execution of arbitrary code via ACTION parameter without authentication. The code can executed for any user accessing the page. This vulnerability affects many mail syste...
CVE-2019-6176
PUBLISHED: 2019-11-20
A potential vulnerability reported in ThinkPad USB-C Dock Firmware version 3.7.2 may allow a denial of service.
CVE-2019-6184
PUBLISHED: 2019-11-20
A potential vulnerability in the discontinued Customer Engagement Service (CCSDK) software version 2.0.21.1 may allow local privilege escalation.