New year, new concerns: A look at what digital utilities can expect in 2021
- Jan 23, 2021 2:44 am GMT
This item is part of the State of the Industry 2021 SPECIAL ISSUE, click here for more
The utility sector, like every other industry, is facing major disruptions to their operations and workforce. Yet despite the challenges of the past year, utilities have shown their resiliency as they worked tirelessly to provide continuous power while keeping their employees and customers safe.
As we all plan for 2021, I wanted to share my thoughts on concerns that utility leaders should keep in mind as they continue to adapt to shifting customer needs, the implementation of new innovative technologies and ever evolving market conditions.
1. Cyberattacks on physical infrastructure, such as the electric grid, network of oil and gas pipelines, and the economy at large are here to stay. Today, even the most advanced cybersecurity solutions need to be updated on a regular basis to ensure the exceptional level of security necessary to protect vital infrastructure such as power grids. This is crucial in a world where developments in quantum computers (powerful computers that leverage principles of quantum physics) threaten to break existing asymmetric algorithms used to encrypt and secure communications in mission-critical infrastructure. In the past 12 months alone, 67% of companies with critical infrastructure have suffered at least one cybersecurity attack.
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