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The US FERC and NERC published a study on cyber incident response at electric utilities that also includes recovery best practices. Federal Energy Regulatory Commission (FERC) and the North American Electricity Reliability Corporation (NERC) released a study on cyber incident response and recovery best practices for electric utilities.
Strengthen operational integration and collaboration with members of the energy sector. Cyber Risk in the Energy Sector Public utilities have been put to the test as attacks by bad actors have risen sharply in recent years. Q3 ‘22 saw a record number of attacks on the energy market, a trend that is not expected to slow down.
The theme explores, how can we catalyze energy, climate and nature action through innovative partnerships, increased financing and the deployment of frontier technologies. Knowledge reimagined To grow energy reliably, safely, and sustainably, knowledge will have to be reimagined.
The energy and resources sector is undergoing a profound transformation driven by the global push toward sustainability, energy technological advancements, geopolitical risks, and increasing regulatory pressures in some areas of the world. Every digital fabric has horizontal and vertical digital threads. Digital twins are no different.
Bad actors will leverage these regulations as tools for manipulation and extortion, echoing the tactics employed by certain ransomware operators who threaten victims with GDPR compliance violations and regulatory fines.
The energy and resources sector including utilities, oil and gas, chemicals, and metals & mining is one of the most hazardous in the world. Utilizing information management technologies and best practices can help continuously improve upon and eliminate these root causes for safer operations.
Critically, the utility had in place an internal compliance program at the time of the violations. However, NERC determined that the quality of the compliance program was deficient in facilitating compliance with the CIP standards. Settlement Agreement at 12.
As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. What is renewable energy? trillion in 2023. trillion in 2023.
This process entails gathering new data, identifying existing challenges, and taking the necessary steps to ensure compliance. As a result, regulatory compliance is closer than it may initially appear. Companies can strategically take steps to achieve compliance, thereby unlocking added value.
The energy and utilities sector is primed for unprecedented disruption through innovation over the next five years. Across the globe, there is a concerted effort to decarbonize the energy system. Energy and utilities providers are increasingly pledging ambitious net-zero emission targets.
Last week industry leaders, experts, and innovators gathered at the Houston Aquarium for the OpenText Energy Summit in Houston , a pivotal event driving conversations on the intersection of artificial intelligence, information management, and energy sector dynamics.
From taking a shower, to brewing your coffee, and watching the news, your morning routine is fueled by the energy sector. But the energy sector also underpins our emergency and response systems, our hospitals and healthcare, our schools, our businesses, and virtually everything we do as a society. The Rising Threat.
The proposed incentive-based treatments for cybersecurity investments would also be available to non-public utilities to the extent that they have FERC-jurisdictional rates. These standards are results-based and do not specify a technology or method to achieve compliance, instead leaving it up to the entity to decide how best to comply.
Many Utilities now realize that a poor customer experience (CX) can put their organizations at risk, whether it’s reputational risk, or regulatory, financial or compliance risks. Risk mitigation is often thought of as a defensive tactic, but there are opportunities for Utilities to play offense—especially when it comes to experience.
That pace is unlikely to slow down over the coming years; Pagely noted that organizations are still turning to IoT devices as a way to automate and optimize their business processes as well as save on energy costs. Meet security compliance regulations. billion in number and generate 79.4 zettabytes (ZB) of data by 2025.
These technologies drive innovation on their hybrid, multicloud journeys while focusing on resilience, performance, security and compliance. Carbon footprint in practice Compute, storage and networking are the essential tech resources that consume energy in the process of building applications and services.
Key strategies and technologies to help utilities respond to a “storm” never seen before. For more than three decades, I served at a leading electric utility, responding to numerous storms to keep the lights on for customers and to support critical infrastructure. COVID-19 considerations and how technology can help.
These limits apply across futures and options contracts, particularly those tied to commodities with significant economic impact, like energy, agriculture and metals. The Commodity Futures Trading Commission (CFTC) establishes position limit requirements to prevent market manipulation, excessive speculation, and systemic risk in U.S.
These limits apply across futures and options contracts, particularly those tied to commodities with significant economic impact, like energy, agriculture and metals. The Commodity Futures Trading Commission (CFTC) establishes position limit requirements to prevent market manipulation, excessive speculation, and systemic risk in U.S.
Today, utilities and many other industries use drones extensively to conduct surveys, map assets and monitor business operations. Capgemini’s Energy & Utilities Industry Platform is the global industry hub and Centre of Excellence (CoE) for Energy and Utilities. billion in 2022 to USD 47.38
Increasing Emphasis on Data Privacy and Compliance Trend Overview Data privacy regulations are becoming more stringent worldwide. Heavier Penalties for Non-Compliance: Increased fines and reputational damage for organizations failing to comply. Interdisciplinary Collaboration: Breaking down silos between IT and other departments.
That’s no coincidence because the tenets of records management are encompassed within IG (along with legal, privacy, risk/compliance, security, technology, etc.). all of which require the same disciplines we utilize when managing our records. avoidance of litigation or fines for non-compliance) to get it done. 3 … 2 … 1 ….
Enhanced customer engagement was shown to be the top outcome that UK Utility companies looked for from their digital transformation initiatives. That’s according to research that has just been completed by Utility Week and OpenText™. appeared first on OpenText Blogs.
As cloud computing continues to transform the enterprise workplace, private cloud infrastructure is evolving in lockstep, helping organizations in industries like healthcare, government and finance customize control over their data to meet compliance, privacy, security and other business needs. billion by 2033, up from USD 92.64
DHS’ webinar explained that the hackers obtained access to vendors providing computer services to electric utilities companies. In response to such concerns, regulatory agencies are increasing reporting requirements for cyberattacks targeting the energy sector. electrical grids and power plants.
The anonymous survey covered the utility, energy, health and transport sectors – industries renowned for keeping their activities secret because they store highly sensitive information and are responsible for essential services. Want NIS Regulations compliance advice?
agging sensitive information to accelerate compliance efforts and reduce data-related risks. It provides a current, holistic and enterprise-wide view of risks, enabling compliance and regulatory managers to quickly update the classifications at one level or at higher levels, if necessary. Why Automating Everything Matters.
At its October monthly meeting, the Federal Energy Regulatory Commission (the “Commission”) adopted new reliability standards addressing cybersecurity risks associated with the global supply chain for Bulk Electric System (“BES”) Cyber Systems. These standards have been in development for some time.
Either physically onsite or remotely, a data center manager performs general maintenance—such as software and hardware upgrades, general cleaning or deciding the physical arrangement of servers—and takes proactive or reactive measures against any threat or event that harms data center performance, security and compliance.
Related Stories Citing Attacks On Small Utilities, Dragos Launches Community Defense Program FBI: Iranian APT Targets Israeli-Made PLCs Used In Critical Industries China Calls Out U.S. Chris and I dig deep on this paradigm shift, and the growing focus within critical infrastructure sectors on resilience vs. simple compliance.
This letter came in response to an earlier request from the House Committee on Energy and Commerce (“Energy and Commerce Committee”) that NHTSA convene an industry-wide effort to develop a plan to address vulnerabilities posed to vehicles by On-Board Diagnostics (“OBD-II”) ports.
For advantages, private blockchains are more scalable and energy-efficient with suggested use cases of banking and supply chain management. Guardtime’s flagship solution, MIDA Cybersecurity, is a unique approach to addressing compliance management and reporting. Security Paradigms: Traditional Networks vs. Blockchains. Chronicled.
Security Qualifications Forescout solutions have obtained several different certifications and compliances including: U.S. Appliances will be limited in the number of devices that each can manage by hardware capacity, available licenses, or both. Department of Defense Information Network Approved Products List (DoDIN APL) for v8.X
A string of Governmental announcements have increasingly sounded the alarm about the growing cybersecurity threat facing the energy sector. Among other things, these reports have announced that state-sponsored cyber actors have successfully gained access to the control rooms of utilities.
Similar use cases in other industries include integrated member experience in Healthcare, smart asset performance and security in Energy & Utilities, connected vehicle services in Automotive, operations and process optimization as part of industry 4.0
As with the first version of NIST’s Cybersecurity Framework, all companies should review the new version, determine its potential utility, and consider adopting, adapting or comparing the new Framework for use within their own cyber ecosystems. Significantly, version 1.1
EAMs optimize the quality and utilization of physical assets throughout their lifecycle, increase productive uptime and reduce operational costs. Condition monitoring: Utilize condition-monitoring techniques to collect real-time data on asset performance. Compliance adherence minimizes legal risks and ensures asset integrity.
The guidance, entitled Cybersecurity Best Practices for Modern Vehicles (the “Cybersecurity Guidance”), was recently previewed in correspondence with the House of Representatives’ Committee on Energy and Commerce (“Energy and Commerce Committee”).
For example, a digital twin of a wind turbine can simulate the impact of changing wind speed and direction on the turbine’s performance, helping operators make informed decisions about maintenance and energy production. Explore how digital twins can optimize the performance of your assets in a sustainable way What is a digital thread?
Companies that fall within the scope of the NIS Regulations should be aware of these obligations and how they can be satisfied, particularly given that the NIS Regulations introduce a stringent penalties regime for non-compliance. Penalties for non-compliance. Key obligations on operators of essential services. Pan-EU perspective.
These solutions are designed to acquire, classify, validate, and convert business inputs into valuable data for use in business transactions, analytics, records management, discovery, and compliance applications. These solutions are increasingly utilized in end-to-end automation of business processes.
The Cyberspace Administration of China will work together with relevant government agencies to formulate materials for the identification of “key information infrastructure” in their respective industry sectors and fields.
Those same requirements of data compliance, data privacy, data sovereignty, data governance and data residency are just as relevant with connected products. and energy and utilities. Connected products send and receive lot of data to the cloud.
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