FERC Approves Incentive Rate Treatment for Cybersecurity Investments
FERC issued on April 20 a final rule providing incentive-based rate treatment for utilities making certain voluntary cybersecurity investments.
The rule follows Congress’ direction under the Infrastructure Investment and Jobs Act of 2021 that the Commission revise its regulations to establish incentive-based rate treatments to encourage utilities to invest in advanced cybersecurity technology and participate in cybersecurity threat information sharing programs for the benefit of consumers.
The Commission expanded the definition of eligible cybersecurity investments to allow utilities to request incentives for a variety of solutions tailored to their specific situations
Leaders from the Pentagon’s offensive cyber and the top civilian federal cybersecurity agency said the relationship between the two organizations has been indispensable when it comes to defending the country against foreign hackers.
Evaluating ICS cyber threat landscape focusing on insider threats in OT environments
Operational technology (OT) environments face numerous cybersecurity risks and threats, such as supply chain security threats, nation-state hackers, malware, ransomware, and ransomware-as-a-service (RaaS) attacks, and data breaches, which can potentially disrupt services and halt production lines.
Malicious, negligent, and compromised users are also serious and growing risks that organizations must prepare for. Insider threats present a complex and dynamic risk affecting the public and private domains across critical infrastructure sectors.
Industrial Cyber turned to specialists in the cybersecurity industry, John Lee, Paul Smith, and Ian Bramson to distinguish the common warning signs of insider threats on OT networks.
DeNexus announced its partnership with NAES Corporation, the power generation industry’s largest independent provider of operations and maintenance and a wholly owned subsidiary of ITOCHU Corporation.
Special thanks to Alan Bull, PE, PMP, VP Compliance and Fleet Services at NAES Corporation. Our partnership will enable NAES and its customers to utilize our DeRISK platform to better quantify, plan, report and mitigate cyber risks.
"NAES is a another big step in our mission to provide critical infrastructure facilities with evidence-based, data-driven, real-time visibility to their Cyber Risk Exposure, Probability, Financial Impact, Mitigation ROI, and Risk Transfer" says Andrew A Luccitti, DeNexus CRO.
URJC and DeNexus meets in Madrid for its Cyber Research Partnership
DeNexus continues its thought-leadership collaborations! Last week we met with Universidad Rey Juan Carlos in Madrid to expand our joint research in “Dynamic Industrial Cyber Risk Modelling based on Evidence”, funded by NextGenerationEU and the European Union.
This EU backed research program is a three-year effort involving engineers, developers, experts in industrial cyber risk, and cyber insurance (actuarial) sectors working to improve cyber resilience in industrial facilities and critical infrastructure.
Founder and CEO of DeNexus, Jose M Seara, and Senior Advisor Business Development, Jeffrey Sirr, shared their insights on the cyber insurance industry with colleagues at the Lloyd's Library in London yesterday.
They presented on the theme of “Inside-Out Data, Fuel for Cyber Risk Transfer development” at the #ASTIN cyber workshop.
"Combining critical OT Inside Data together with Outside Data threat, loss, and vulnerability data opens an entirely new world of cyber risk quantification and management to the Industrial OT landscape and the Risk Transfer market." says Jose M Seara, DeNexus CEO.
