Nowadays, security systems do not involve a lot of heavy equipment. The threat currently is ‘unseen’ – cybercrime and this is currently more serious. As we are in the digital age, cyber-attacks could cost millions and confidence of the public. There is a ripple effect and sometimes, a mere millisecond could cost millions to the organization and to the public. Hacking is a very serious issue, and the damage can be limitless. I would not be surprise that these cyber-attackers would always be one step ahead of the authorities. We need to build resistant to cyber warfare systems in order to pre-empt any moves from these attackers.
Smart Grid meters should have very secure (perhaps even hardware based) features to differentiate devices eligible for load shedding (pool pumps) and those which are mission critical (hospital operating room circuits). Perhaps an external read only protective feature is appropriate to implement on some critical smart grid meters.
What is the experience of the banking industry with the security and vulnerability of SWIFT? Was it ever hacked? Did anybody discovered any vulnerabilities in it?
May be the Smart Grid developers can learn from the SWIFT network how to make it secure?
What are the engineering and design challenges in creating successful IoT devices? These devices are usually small, resource-constrained electronics designed to sense, collect, send, and/or interpret data. Some of the devices need to be smart enough to act upon data in real time, 24/7. Are the design challenges the same as with embedded systems, but with a little developer- and IT-skills added in? What do engineers need to know? Rick Merritt talks with two experts about the tools and best options for designing IoT devices in 2016. Specifically the guests will discuss sensors, security, and lessons from IoT deployments.