Cyber Energia launches a solution to protect renewables companies and their assets – Global Security Mag Online
Summary
At the same time, this has exposed firms to greater potential security breaches.Cyber Energias unique system and portal continuously collects security information across all topologies including all devices and systems on the network; how they communicate with each other; as well as identifying gaps in safeguarding.Most importantly, the portal provides real-time visualisation of attacks as they are happening, the threat level; revenue at risk; number and type of breaches prevented; and remedial recommendations. Additionally, Cyber Energia can provide guidance as to how employees and processes can help address governance, management succession and product development in relation to cyber security.In 2020, renewables comprised 29% of global electricity generation and by 2028, with a further 3,700 GW of new renewable capacity due to come online, it will account for over 42% of the worlds electric power[1]. With almost half of the worlds electricity source susceptible to cyber attack from hostile actors, defence against system violations have never been so mission critical. Such attacks can result in loss of production and revenue; damage to assets and infrastructure; leakage of sensitive commercial information; health and safety risks as well as reputational damage.In the immediate term, however, renewable energy firms which are not sufficiently protected against cyber breaches are increasingly at risk of financial penalties from legislation. Organisations providing essential services in the European Union (EU) will soon face tougher cyber security regulation (NIS2.0) for failure for non-compliance, with punitive actions including higher fines, bans on management positions and even a withdrawal of the companys license to operate.