• 9 hours 6 Tech Trends Transforming The Travel Industry
  • 1 day Ousted Uber CEO Cashes Out $500 Million In Stock
  • 1 day Trump Prepares For Another Key Tariff Decision
  • 1 day The Free Money Bubble Is About To Burst
  • 2 days The Crushing Reality Of Poverty In America
  • 2 days Should You Buy Into The World’s Largest IPO?
  • 2 days The Infinite Possibilities Of Cosmic Energy
  • 3 days Analysts Link Walking To Economic Growth
  • 4 days Will Japan Turn Its Back On The Aramco IPO?
  • 5 days Global Debt Soars To $188 Trillion
  • 5 days The World's Largest Gold Miners Are Getting Creative
  • 6 days Twitter: The Saudi Spy Tool To Bring Down Dissidents
  • 6 days Broad Commodity Funds Don’t Give Enough Exposure To Gold
  • 7 days Here We Go Again: Another Giant Telecoms Mega-Merger
  • 7 days World's Largest Gold Miner Sees Profits Triple
  • 8 days Microsoft Japan Trials 4 Day Work Weeks, Productivity Soars By 40%
  • 8 days Hedge Funds Lose $4 Billion In Four Days As California Wildfires Rage On
  • 9 days New Viral App May Be A National Security Threat In Disguise
  • 9 days China's $10 Trillion Space Play
  • 9 days Human Energy: Debunking The Matrix
The History Of Oil Markets

The History Of Oil Markets

Oil has arguably been the…

Fading Trade War Hope Leaves Oil Directionless

Fading Trade War Hope Leaves Oil Directionless

The Federal Reserve cut interest…

The Infinite Possibilities Of Cosmic Energy

The Infinite Possibilities Of Cosmic Energy

From black hole powered starships…

Oilprice.com

Oilprice.com

Writer, OilPrice.com

Information/Articles and Prices on a wide range of commodities: We have assembled a team of experienced writers to provide you with information on Crude Oil,…

Contact Author

  1. Home
  2. Commodities
  3. Energy

U.S. To Spend Millions On Cybersecurity Upgrade

Power

The U.S. Department of Energy is awarding up to US$28 million in research and development of next-generation tools and technologies aimed at improving the cybersecurity of the critical American energy infrastructure, including the electric grid and oil and natural gas infrastructure.

“Protecting the Nation’s energy delivery systems from cyber-threats is a top national priority,” U.S. Secretary of Energy Rick Perry said in a DOE statement. “These awards will spur the next level of innovation needed to advance cyber resilience, ensuring that the Nation’s critical energy infrastructure can withstand potential cyber attacks while also still keeping the lights on,” Secretary Perry noted.

The funding for the US$28-million awards to R&D projects will be provided by the Cybersecurity for Energy Delivery Systems (CEDS) Division of the Office of Cybersecurity, Energy Security, and Emergency Response (CESER).

The projects that will get funding are expected to create and make innovative technologies that help prevent, detect, and mitigate cyber attacks.

“The teams will pursue innovative approaches such as redesigning the current architecture that exposes the energy grid to cyber threats so that existing and future energy delivery systems can detect adversarial actions and adapt to survive while continuing to support critical functions,” the DOE said. Related: The 5G Rollout No One Wanted, But Everyone Expected

The DOE Multiyear Plan for Energy Sector Cybersecurity aims to strengthen the current energy delivery systems and at the same time to develop ‘game-changing solutions’ that will create inherently secure, resilient, and self-defending energy systems of the future.

During the worst of the oil price plunge in 2015 and 2016, oil companies put investments in cybersecurity on the back burner, striving to adapt to the lower-for-longer oil prices with cost cuts, while hackers grew increasingly inventive and bolder, according to security experts.

The projects to strengthen the networks and systems against cyber attacks did not receive the necessary attention and funding during the lean years, and as a result, most security teams today are too short staffed and technology deficient to effectively monitor and prevent cyber attacks, the experts told the Houston Chronicle in April this year.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Safehaven.com:

Back to homepage

Leave a comment

Leave a comment