Power sector has become more vulnerable to cyber-threats

Electrical Manufacturers In Cybersecurity Risk Mitigation

The power industry is one of the most frequently targeted, and one of the first to implement necessary safeguards in response to cyber threats.

However, dangers are evolving, infiltrating industrial control systems and supply networks, necessitating even higher risk management measures.

“Power plants and lines connecting homes and companies are commonly regarded as some of the world’s most vital infrastructure, particularly in affluent economies.”

It’s also one of the most frequently targeted, with ramifications that could extend far beyond the power industry.

“The Government of India has set up the Indian Computer Emergency Response Team (CERT-In) for Early Warning and Response to cyber security incidents and to have collaboration at the national and international level for information sharing on mitigation of cyber threats,” according to the CEA(Cyber Security and in power Sector) Guidelines.

Furthermore, electric power companies report a constant onslaught of attempted invasions, although the majority fail, the rate of activity is picking up.

Such invasions are “happening hundreds of thousands of times a day,” says US Energy Secretary Rick Perry.

In early 2018, cyberattacks against the power system in North America experienced an “extreme spike”. Not only are attacks on the rise, but cybersecurity professionals and intelligence sources say the number of threat actors is growing and their skills are advancing as well.

Mitigate Risks associated with the cyber supply chain

Identifying and mapping assets and their linkages, as well as prioritising them by criticality, is the first step in lowering cyber risk across the company.

The second step is to see if there are any well-known and exploitable vulnerabilities in vital assets and networks.A control systems network with a default cryptographic password that may be found by an internet search is an example.

The next phase is to examine the controlled environment’s maturity for proactively addressing threats.It’s typically advantageous to employ a pre-existing model.

The final stage would be to create a framework for safeguarding vital assets that incorporates people, procedures, and technology to become secure, watchful, and resilient.

When it comes to integrating cybersecurity into the procurement process, power firms should consider the following practises:

  • Determine the criteria for deciding which products should be prioritised.
  • Create and share information that will be collected prior to the procurement.
  • Procurement and sales can be used to start a conversation with service suppliers.
  • Ascertain that the appropriate people are involved and that the process is owned by them.
  • Increased efficiency can be achieved through process integration, automation, tooling, and scalability.