Secrecy Reigns as NERC Fines Utilities $10M citing Serious Cyber Risks

guest · Feb 1, 2019

Secrecy Reigns as NERC Fines Utilities $10M citing Serious Cyber Risks
February 1, 2019
https://securityledger.com/2019/02/...nes-utilities-10m-citing-serious-cyber-risks/

In a 250 page regulatory filing, NERC fined undisclosed companies belonging to a so-called “Regional Entity” $10 million for 127 violations of the Critical Infrastructure Protection standards, the U.S.’s main cyber security standard for critical infrastructure including the electric grid.

Thirteen of the violations listed were rated as a “serious risk” to the operation of the Bulk Power System and 62 were rated a “moderate risk.” Together, the “collective risk of the 127 violations posed a serious risk to the reliability of the (Bulk Power System),” NERC wrote.
Warnings about cyber threat to grid
The fines come as the U.S. intelligence community is warning Congress of the growing risk of cyber attacks on the U.S. electric grid.
The extensively redacted document provides no information on which companies were fined or where they are located, citing the risk of cyber attack should their identity be known.
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Secrecy Reigns as NERC Fines Utilities $10M citing Serious Cyber Risks

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