The energy sector has become a primary target for cyberattacks. This means that besides the ongoing transformation to smart grids there is, in parallel, an increased need for cyberdefense. However, deploying a smart grid without suitable cybersecurity might result in serious consequences; such as grid instability, utility fraud, the loss of user information – which would be a serious GDPR breach in Europe – or, in the worst case, could result in fatalities (if smart homes lose power in the middle of the winter and people get hurt by the cold).
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What is the likelihood of a cyberattack on the U.S. electric grid this summer? This answer to this is complex as there are a number of aspects that factor into it. To evaluate this, we must consider the types of threat actors, the types of threats and the target – the U.S. electric grid.