"DOE Invests $12M in Cybersecurity Research for Energy Grid"

According to Jon Wellinghoff, former chairman of the Federal Energy Regulatory Commission (FERC), attackers could bring down the US power grid by targeting just a few substations. The Department of Energy (DOE) announced $12 million in funding for research projects in response to growing concerns. These projects aim to develop the next generation of energy systems securely. The 17th annual Cost of a Data Breach Report revealed that the energy industry ranks fifth in terms of data breach costs. Most cases of data breaches involved external attacks, with only 2 percent involving inside jobs. The average cost of these breaches is $4.65 million. The majority of attacks in the energy industry in 2021 were social engineering attacks. System intrusion and web applications are two other types of common attacks. One of the six programs created by the $12 million grant funding focuses on developing Artificial Intelligence (AI)-based detection tools and designing effective cyber threat mitigation strategies. Another program aims to detect and localize abnormalities in power grid cyber-physical systems. This article continues to discuss DOE's $12 million grant funding for more energy grid cybersecurity research. 

Security Intelligence reports "DOE Invests $12M in Cybersecurity Research for Energy Grid"