How Power Utilities Mitigates Cybersecurity Regulatory Compliance Costs

The power utility platform's new platform is enabling electric energy companies to alleviate costs associated with cybersecurity regulatory compliance.

FREMONT, CA: Fortress Information Security is an Orlando-based company that is deploying its proprietary Asset to Vendor Network for Power Utilities (A2V). Fortress' A2V is a joint venture with American Electric Power that is created to address issues about safeguarding the U.S. power grid from cyber threats by fostering partnerships among electric companies. A2V helps in alleviating the costs associated with cybersecurity regulatory compliance to manage with budgetary constraints. The creation of A2V Network is constant with the company's purpose to secure crucial infrastructure. Fortress's team of professionals sees forward to working with AEP and other electric energy organizations to achieve the North American grid.

Power utilities share roughly the same supply chain vendors for services, software, equipment, and for their Bulk Electric Systems (BES). This is an industrial quality that has been classified by malicious players, resulting in a growing number of attacks on the power grid. The Federal Energy Regulatory Commission (FERC) has circulated new rules to address rising supply chain risks to the power grid, needing utilities to produce a plan for maintaining cyber risk related to their supply chain. The plan comprises of procedures that prioritize vendors based on requirements and risk for completing standardized risk assessments on every vendor and confirming the authenticity of software manufacturers and the uprightness of software updates.

The volume of supply chain vendors providing equipment, software, and services to power utilities addresses the completion of this purpose challenging and costly for individual organizations, and eventually the customers, and possibly burdensome for the vendors. Fortress's A2V shares information and technology to help the security applications of these vendors. The technology and data basis for A2V is produced in collaboration with AEP and includes a substantial library of completed vendor risk assessments that comply with the latest regulations.

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