The utilities industry is rapidly modernizing its infrastructure, adding more digitized equipment and connectivity across devices, plants, and systems. This evolution to “smart infrastructure” represents a positive, paradigm shift for the industry. Unfortunately, the security policies of many utilities have not evolved along with it, leaving them incredibly vulnerable. Utilities are investing heavily to modernize infrastructure. In fact, ABI Research projects that the industry will spend US$14 billion a year between 2018 and 2023 — a total of US$84 billion over that time period.
Read about six biggest cybersecurity risks to utilities industry on Helpnet Security.