Cyber Security: Are Four-Letter Words Enough?
As it relates to cyber security, the existing regulatory paradigm falls short and provides inadequate protection to the electric grid.
Given the dynamic nature of cyber threats, we should ask ourselves whether mandatory reliability standards drafted by NERC and approved by FERC can get past the uncertainty created by cumbersome procedures and regulatory delays to provide an effective means of addressing the cyber security threat to the bulk power system. Let’s examine some of the regulatory gaps and risks presented by our current system of NERC and FERC oversight.