Keeping the Lights On: Feds Try to Get Ahead of Threats to the Grid as Cyber Insurance Premiums Jump 

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Focus on cybersecurity for the grid was growing even before criminals attacked Washington and North Carolina substations in December.

“The Federal Energy Regulatory Commission is considering developing new cybersecurity rules for DERs (Distrubuted Energy Resources) on the bulk electric system and DOE (Department of Energy) is directing millions to support ‘next-generation’ cybersecurity research, development…”

“…The growing risk is driving up costs for utilities, say experts. Electric providers procuring cyber insurance from industry-backed insurers saw premiums rise 25% to 30% in the early part of 2022…”

Source: Federal cybersecurity focus grows as distributed resources expand grid risks

Mark Sauter

Mark Sauter’s insights on the financial, policy and security elements of cyber insurance are based on years of experience in the investment banking, media and business worlds. Co-author of the McGraw Hill university textbook “Homeland Security: a Complete Guide,” Sauter was also a consultant to one of the world’s largest software companies and served as a US Army Special Forces and infantry officer.

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