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?
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.