1. Market Research
  2. > Energy & Environment
  3. > Energy Market Trends
Cybersecurity in the US Power Industry

Cybersecurity in the US Power Industry

  • February 2015
  • 61 pages
  • ID: 2672052
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

Key Findings

The power industry workforce is perceived as a critical vulnerability. Concern is greatest for attacks that are internally spawned; trained cybersecurity teams are a priority.
Layered strategies, along with restricted access policies, help to reduce vulnerabilities related to remote access.
Overall, regulatory compliance is the main driver for cybersecurity investment; many utilities are expecting to spend more than $ million through 2017 to be compliant.
Utilities prefer a hybrid in-house/outsource approach to security solutions rather than completely outsourcing them.

Current Outlook (2014)

Utilities are focusing on compliance rather than a holistic security solution.
Vendor strategies are more focused on proven expertise and experience, and do not engage in incorporating compliance requirements.
Solutions are more focused on protecting the integrity, availability, and confidentiality of the grid.
Antivirus software, patch management, and security intelligence solutions are frequently used. The industry is slowly moving from a reactive approach to a proactive approach.
Vendors must have the ability to offer customized, packaged solutions, and have a strong track record in cybersecurity implementation and solution-support.
The complexity of regulations and lack of sufficient resources in the industry restricts the development of more proactive solutions.

Future Outlook (2017)

Specific power generation facilities, such as nuclear plants, and the entire power supply chain will be the targets for advanced persistent threats.
A more collaborative operating space will exist, with standalone information technology (IT) and automation vendors, industrial security solution providers, and government entities partnering to develop a total security solution for the industry.
Higher awareness among end users will result in demand for mid- and high-level solutions to provide continuous asset visibility, and for more automated analysis tools and advanced authentication techniques.
Pervasive security monitoring, alerts, and incident response is the key to effective risk management. Innovative tools and solutions will be inbuilt into the smart grid and virtual grids.
Several siloed tools will be incorporated into a holistic and integrated security solution that is flexible to adapt to industry trends.
The lack of reliable support systems and advanced communication, sensing, power, and tracking technologies in the security offering will hamper adoption of new solutions.

Aim
The aim of this study is to research and analyze various parameters including industry drivers, challenges, customer behavior, vendor support, and best practices that influence the cybersecurity market for the power industry.

Objectives
•To evaluate and assess the current state of cybersecurity preparedness
•To determine unmet needs and pain points related to cybersecurity
•To understand buying behavior
•To identify industry best practices, next-generation practices, and new business models

Key Questions this Study will Answer

What are the current states of awareness and concern regarding cybersecurity in the US power industry?
What are some of the critical challenges facing the industry regarding awareness and adoption, and how are those challenges being addressed?
How can vendors optimize their support role in executing a cybersecurity strategy?
What new business models are emerging from the evolution of smart grids?
What are the best practices related to cybersecurity in the power industry?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2015

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on