The electrical grid has grown increasingly vulnerable to...
The electrical grid has grown increasingly vulnerable to cyberattacks, and spending to secure that infrastructure will total $2.9 billion globally by the end of the year, ABI Research said Wednesday. The power sector’s restructuring and the emergence of the smart…
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grid has “largely ignored the issue” of cybersecurity, but implementation of President Barack Obama’s cybersecurity executive order and efforts within standardization bodies to tackle cybersecurity have raised awareness of the issue, ABI said. In turn, this has driven the market for critical infrastructure cybersecurity for companies like General Electric, Siemens and Honeywell, as other niche vendors, said the industry research firm (http://bit.ly/12MRrtu).