In this week’s episode of the podcast (#132): in the wake of news of the biggest fine yet for violations of the NERC Critical Infrastructure Protection (CIP) standard, we talk with Willy Leichter and Saurabh Sharma of the firm Virsec about whether the industry’s main security standard even matters in an age of sophisticated, nation-backed hackers. As we reported last week, NERC – the North American Electric Reliability Corporation – issued a $10 million fine and a 250 page report (PDF) detailing the failure by one of its member companies to abide by the organization’s main cyber security regulation the Critical Infrastructure Protection or CIP standards. Thirteen of the violations listed were rated as a “serious risk” to the operation of the Bulk Power System and 62 were rated a “moderate risk.” Together, the “collective risk of the 127 violations posed a serious risk to the reliability of the (Bulk […]

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