Critical Cyberinsurance Considerations For Utility Execs
Law360, New York ( September 26, 2014, 6:14 PM EDT) -- Consider the following: a turbine control system infected with a computer virus that delayed a power plant's restart by three weeks.[1] An energy futures trading exchange hacked and customer information stolen.[2] Theft of computer-stored intellectual property from a major energy equipment supplier.[3] A virus roaming the electric grid that caused the regulators to recognize a threat to reliability.[4] These are some of the "cyber" threats facing electric utilities. As stated by the Edison Electric Institute:...
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