Report: Better backstops needed to protect power grid from cyberattacks

CyberAttackOnPowerGridPicBy Matthew L. Wald | The New York Times

Despite rising anxiety over the possibility of a cyberattack on the power grid, the industry and government are not set up well to counter the threat, according to a report produced by leading energy security experts. Companies are reluctant to share information with one other, a critical step in reducing vulnerability, because they are afraid of being accused of failing to comply with cybersecurity rules, committing antitrust violations or giving away proprietary information, the report found.

And the federal rules intended to protect the electric system from cyberattack are inadequate because they do not give companies an incentive to continually improve and adapt to a changing threat, according to the report, which was released on Friday.

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