Pike Research expects smart grid cyber security investments to total $14B through 2018

Talk of smart grid cyber security has quieted in recent months, with few, if any, high-profile meter hacks picked up by the media and less daily new-product releases that aim to prevent such attacks.

However, according to new findings from Pike Research, the complacency created by the lack of news coupled with the growing amount of smart grid deployments across the country has left the grid more vulnerable than ever. In response, smart grid companies have embarked on new cyber security missions, which will likely result in smart grid cyber security investments to total $14 billion through 2018.

"Cyber security remains a check-the-box exercise for many utilities, with spending limited to whatever is needed to survive compliance audits," said senior analyst Bob Lockhart. "As some technologies, such as smart metering, near a decade of thought and deployment, the approach to cyber security has become more thoughtful."

According to Renew Grid, smart grid cyber security will need to continue to adapt as attackers look at infrastructure from a systematic perspective. If a uniform architecture is not installed, the attackers will have the upper hand in the near future.

More information can be found on new smart grid technology at PennEnergy's Research area

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