Infrastructure:Electric,Gas & Water / Cyber Security News

Critical Infrastructure Facing Increased Cyber Risk

The nation’s critical infrastructure is coming under increased pressure to protect their vital systems and assets from outside cyber threats as the number of attacks increase and stronger regulations are imposed.

Nowhere is the growing threat more apparent than within the power and utilities industry, which faces more cyber attacks than any other critical infrastructure sector, according to Department of Homeland Security (DHS) data.

In its latest Marsh Risk Management Research briefing Securing Power, Utilities, and Other Critical Infrastructure from Growing Cyber Risks, Marsh examines the growing cyber threat to the US power grid and other infrastructure facilities; the evolving regulatory landscape; and steps utilities and other facilities can take to better protect their data and assets.

Of the more than 200 cyber incidents investigated by the DHS’ Industrial Control Systems Cyber Emergency Response Team between October 2012 and May 2013, 54% occurred within the energy sector, far surpassing any other critical infrastructure sector.

“A power grid interruption as a result of a cyber attack has the potential to cost utilities and other infrastructure facilities millions of dollars in lost revenue, regulatory fines, and additional expenses to restore operations and to improve cyber securities defenses, not to mention reputational damage,” said Matt McCabe, a senior advisory specialist within Marsh’s Network Security and Privacy Practice. “The incidents have also prompted the federal government to propose stronger cyber security practices for utilities and other infrastructure owners and operators.”

Mitigating the risks related to sophisticated cyber attacks while navigating an increasingly complex regulatory environment is not an easy task, but there are steps utilities and other facilities can take to better protect their data and assets, Marsh said.

In addition to industry-specific cyber insurance solutions, critical infrastructure facilities should focus on employee training; engage in system penetration testing and periodic threat assessment reviews;  develop and test continuity plans; and review and update procedures and responsibilities for gathering and processing claims information in the event of a loss, Marsh said.

Did you enjoy this article? Click here to subscribe to Security Magazine. 

You must login or register in order to post a comment.



Image Galleries

ASIS 2013 Product Preview

ASIS International 59th Annual Seminar and Exhibits, September 24-27 in Chicago, Illinois, will include an exhibit hall packed with innovative security solutions. Here are some of the products that will be shown at ASIS this year.


Virtualization and Data Center Security: What You Need to Know for 2014

Data centers are increasingly becoming the center of the enterprise, and data center and cyber security is following the same path for security departments. According to Justin Flynn, a consultant at the Burwood Group, the virtualization of data centers allows enterprises to scale more easily and faster, with a smaller footprint.

However, hosting enterprise data in the cloud can make intrusion detection more difficult – how can enterprise security leaders team up with other departments to keep aware of cyber risks and traffic, and physical and data compliance during the virtual transition? How can CISOs and CSOs discuss cyber threats with the C-Suite to get the resources they need? And how can the proper infrastructure test and verify possible malicious attacks? 

More Podcasts

Security Magazine

Security May 2015 Issue cover

2015 May

In the May 2015 issue of Security, learn how to be the bridge between busieness and security with "customer facing," how to effectively work with your CFO, and covert security.

Table Of Contents Subscribe

Body Cameras on Security Officers

Body cameras are being used increasingly by police in cities across the U.S. Will you arm your security officers with a body camera?
View Results Poll Archive


Effective Security Management, 5th Edition.jpg
Effective Security Management, 5th Edition

 Effective Security Management, 5e, teaches practicing security professionals how to build their careers by mastering the fundamentals of good management. Charles Sennewald brings a time-tested blend of common sense, wisdom, and humor to this bestselling introduction to workplace dynamics. 

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Facebook 40px 2-12-13 Twitter logo 40px 2-12-13  YouTube  LinkedIn logo 40px 2-12-13Google+

Vertical Sector Focus: Critical Infrastructures

criticalhomepagethumbFrom terrorism to vandalism, it’s preparedness, response, training and partnerships. Learn about some of the critical security issues facing this sector.

Visit the Critical Infrastructure page to read more.