Four of the world’s leading electricity associations have today urged policy makers to support the “profound transformation” occurring within power networks across the globe.
Energy companies and utilities could face fines of up to £17 million if they are found to have insufficient cyber defences, the government has warned.
The UK energy sector’s level of engagement with consumers lags significantly behind that of other industries.
Disruption caused by cyber attacks and the rise of greater decentralised generation pose of the greatest risks to traditional utilities, analysis by consultancy firm EY has concluded.
Bird & Bird’s Simon Shooter takes a look at the Network and Information Systems Directive, what it entails relating to the energy sector and cyber security, and what energy companies must be aware of before its implementation in May 2018.
Energy systems and networks have recently been the subject of various cyber threats, according to numerous reports in the British media.