Search DubaiPRNetwork.com

Home >> Energy and Industry

Networked Energy Services Corporation emphasizes critical importance of Smart Grid security

Sunday, July 30, 2017/ Editor -  

Share

Home >> Energy and Industry

UAE, July 29, 2017 – Over the last two months, the world has been subject to two major ransomware attacks. The most recent being an attack known as 'Petya,' a malicious software that spread through large firms that led to PC's and essential data being locked up and held for ransom. Prior to this incident, the 'Wannacry' ransomware locked data from nearly 230,000 computers used by leading international organizations in at least 150 countries, including the UK’s National Health Service, Russian Ministry of Interiors, and FedEx. These attacks, once again, brought to forefront the significance of cyber security at a time when cyber-crime has evolved into a growth industry with low risks and high returns.

In light of this event, Networked Energy Services Corporation (NES), a global smart grid market leader with the industry’s leading Patagonia Energy Applications Platform (EAP ™), has thrown the spotlight on the critical role of security in Smart Grids. The connected infrastructures in power grids such as intelligent networks, smart meters, and Internet of Things (IoT) solutions have increased the possibility of cyber threats in the energy sector. In line with this, the company has urged the community, individuals, organizations and utility providers alike to be prepared to deal with cyberattacks for national security and economic well-being. Utility providers in the UAE such as Dubai Electricity and Water Authority and Sharjah Electricity and Water Authority are stepping up their efforts to ensure security in their grids from such attacks with the installation of smart meters, which is currently underway across the country in a bid to complete over one million smart meters by 2020.
 
Michel Madi, CEO – Middle East, Africa and India, Networked Energy Services Corporation, said: “Smart Grids are not just electrical infrastructure but are huge data networks that are critical for the seamless functioning of the various economic sectors of a country. It has now become imperative for key sectors, particularly energy, to ensure the implementation of the latest security solutions to secure Smart Grids and avert risks. The UAE is one of the leading countries in the region on track in safeguarding their services as the country’s smart metering market looks to increase at a rate of 9 per cent over 2016 to 2024 in line with its Energy Plan 2050.”  NES offers various important security related recommendations including adopting a systematic approach to assess cyber risks, improving the protection of energy systems, fostering a performance-based cybersecurity culture; framing cybersecurity guidelines; and promoting physical preparedness and resilience.


Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Mama Tani Café introduces its fitness menu in conjunction with the Dubai Fitness ...

Dubai Government Excellence Program confirms prominent local and international s ...

F&B & Spa Listings | Address Dubai Mall

Centrepoint Launches Online Shopathon Event

Emirates Post Group organizes “The Health Day” event at Dubai Karama Central Pos ...

Barcelona and Madrid Enjoy Goal Fest

UAE Team Emirates' Ganna Crowned European Champion

Energy Matters: Boosting Energy Efficiency in Dubai Homes through Personalised A ...

Register for the Ericsson Innovation Awards 2018

National Reference Laboratory Achieves New Quality Milestones in Middle East wit ...

Polycom Announces Support for Microsoft Teams, Launch of RealConnect Hybrid and ...

Batelco Racing wins round three of the Dubai Kartdrome Endurance Championship

The Rado True Face - Exclusive watch created in collaboration with Polish design ...

Qualcomm and SenseTime to Collaborate to Drive On-Device Artificial Intelligence

Awqaf and Minors Affairs Foundation's Family Village, Dubai Police Organize Semi ...

Nissan to unveil new ambulance and electric delivery vehicle

HP Unveils World's Most Powerful and First Detachable PC Workstation

Embrace Autumn with the New Rock Noir Collection from Max

SLC's Noon Arts Award Receives 292 Entries from 27 Nationalities

Johnson's Baby Cleans Up the Clutter for Millennial Mums at Exclusive Event