President Trump has released a budget proposal for fiscal year 2019 that includes requests for cybersecurity-related funding.
Cyber Terrorism
President Trump Sets Cybersecurity Funding Goals In Budget Proposal
By Stephen Shin | King & SpaldingSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Cyber Risk News & Trends – December 2017
By Sue Friedberg & Matthew Meade| Buchanan Ingersoll & Rooney PC
Internet data breaches threaten the usernames and passwords of billions of people, but bad actors find phishing is the most effective way to hijack their victims’ online identities, according to researchers at Google and the University of California-Berkeley.
FERC Declines To Require Cybersecurity Modifications To Bulk Electric System Control Centers
By Scott Daniel Johnson | Akin Gump Strauss Hauer & Feld LLP
On October 2, 2017, the Federal Energy Regulatory Commission terminated its inquiry into the need for, and potential effects of, modifications to the NERC Critical Infrastructure Protection Reliability Standards regarding the cybersecurity of control centers used to monitor and control the bulk electric system.
Authorities Investigating Cyber Intrusion Of Numerous U.S. Nuclear Power Plants
By LINN FREEDMAN | ROBINSON+COLE DATA PRIVACY + SECURITY INSIDER
It’s scary to think about, but anything that is online is hackable. Including critical infrastructure like nuclear power plants.
FERC, Congress Take Aim At Cybersecurity Risks In The Electric Utility Sector
By Norma Krayem, F. Alvin Taylor Jr. | Holland & Knight LLP
The Federal Energy Regulatory Commission (FERC) recently issued a Notice of Proposed Rulemaking to address cybersecurity concerns involving the electric grid.
Energy News Roundup: Repsol Selling Assets, ISIS Cyber Attacks & Australian Mining Controversy
By Conor O'Sullivan
Spanish energy company Repsol says it will sell $7.1 billion in non-strategic assets over the next five years as part of a plan to increase efficiency and cope with weak oil prices. [US News/AP] U.S. law enforcement officials revealed ISIS have attempted cyber attacks at a conference of American energy firms who were meeting about… Keep reading →
Lloyd’s Report Highlights Risk Of Cyberattacks On National Power Grid
By Will Daugherty | BakerHostetler
A sophisticated cyberattack on the U.S. power grid could cause nearly $250 billion in economic losses.
Energy News Roundup: Hedges Insulate US Oil Producers, Energy Infrastructure Attack in 2015? And Bearish Oil Market Fundamentals Persist
By Jared Anderson
Many large US oil producers have oil price hedges in place through the beginning of 2015 or for the entire year that are helping blunt the impact of lower oil prices. Some companies may be able to cash in on well positioned hedges and use the funds to purchase new positions that can help weather… Keep reading →
FERC Pushes Utilities to Adopt Protection Standards for Both Cyber and Physical Security
By Dan Rueckert & Forrest Terrell
New government standards appear well-timed for improving the resiliency of critical network operations in electric generation and transmission systems and combatting cybersecurity and physical security threats. In April 2014, the Federal Energy Regulatory Commission (FERC) decided to adopt the North American Electric Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) Version 5 standard for cybersecurity. This decision was… Keep reading →
