Smart Cities

Undetected Hacks of IoT Devices May be Straining our Power System & Strangling our Economy

“We’ve all seen the headlines: A major cyber attack on the US electric grid could cause over $1 trillion in economic impact,” says Yotam Gutman, VP Marketing at SecuriThings. “Nevertheless. to date, there have been no recorded cyber attacks on power facilities that have caused a major physical catastrophe or long blackout,” he points out. The absence of catastrophic cyber attacks on our power systems is, of course, a good thing but it raises certain questions, namely - why hasn’t it happened yet? Maybe no one is attacking. Not according to Energy Secretary Rick Perry, who officially states that these cyberattacks are “literally happening hundreds of thousands of times a day.” While an alert issued by the Department of Homeland Security and the FBI, states that “since at least March 2016, Russian government cyber actors targeted government entities and multiple US critical infrastructure sectors, including the energy, nuclear, commercial facilities, water, aviation, and critical manufacturing […]

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