Smart Grid Security Investments to Increase

Cyber Threats | News | Kara Reeder, Monday, February 8, 2010
government agencies, network security
According to Pike Research, annual spending on smart grid cyber security will more than triple, reaching $3.7 billion in 2015.

InformationWeek reports that there are a number of activities driving the investment, including the U.S. Department of Energy's smart grid stimulus programs and standards initiatives of the National Institute of Standards and Technology.

It's no surprise that companies are investing more in cyber security. Last year, cyber spies from Russia and China penetrated the U.S. electrical grid and left behind software that could disrupt the system.

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