Cyberattacks, extreme weather—the energy market faces some big threats

17-Jun-2016

More attacks on power supplies?

Attacks on major utility companies and power networks are an increasing concern for governments and corporations. 
Hundreds of thousands of homes in Ukraine were left without electricity in December after an alleged malware attack on the power system. The assault was the first widely known example of hackers bringing down a major power network.

In February, there were media reports that ISIS terrorists may have been planning an attack on a Belgian nuclear power plant.

"Cyber is among the top issues keeping energy (players) awake at night," Frei told CNBC.

"Why should it be limited to Ukraine? We have seen other cyberattcks on banks ... why should this be different in infrastructure?" he added separately. (by Katy Barnato, CNBC)