New Ernst & Young LLP report guides companies on managing smart grid security risks
New York, February 15, 2012 – Confidence in new technologies has been one of the leading challenges among utilities – and customers – in upgrading to the smart grid. However, with the proper control systems in place, risks can be anticipated and minimized, according to a new report from Ernst & Young LLP, “Attacking the Smart Grid,”
The paper outlines steps utilities can take to properly test for potential infrastructure breaches. Ernst & Young LLPs Advisory Service Power & Utilities Practice is now advising some of the world’s largest utilities on how to effectively launch smart grid technology by implementing these prevention guidelines.
Ernst & Young LLP’s research found the benefits to utilities, customers and the environment can exceed the concerns of costs and efforts to upgrade. Some of those benefits include:
Easier outage restoration
Enhanced usage monitoring
Variable pricing structure
Tighter generation control and less waste
Centralized control of household appliances
“These are real benefits that can be passed on to customers. But it takes careful grid construction, review and extensive testing,” said Gary Paul, a partner in Ernst & Young LLP’s Power & Utilities practice. “This means that utilities need a strong technological foundation that follows strict security standards.”
The paper instructs utilities on how customized penetration testing can identify control gaps, help quantify risks and define common network vulnerabilities.
“To move forward with smart grid, energy providers must show that the data is reliable and all security steps have been followed. Only then can they build trust among customers,” said Jose Granado, Ernst & Young LLP’s director of Americas Information Security Services and a co-author of the paper.
To learn more about securing the smart grid, download a copy of Attacking the Smart Grid.
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This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.
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