These include a device attack (aims to compromise a grid device), a data attack (attempts to maliciously insert, alter or delete data or control commands in the network traffic to misguide the Smart Grid, leading it to make wrong decisions/actions), a privacy attack (aims to learn/infer users’ private information by analyzing electricity usage data), and a network availability attack (i.e. Preventing potential cyberattacks on Smart Grid communication can be done by identifying the number of attacks, of which four have been identified. This is one of the first places blockchain comes in. To mitigate cybersecurity threats, utility companies will need to share and coordinate the exchange of cybersecurity information, like intelligence and vulnerabilities, with governmental agencies and probably with other public and private sector cyber research institutes. Smart Grid cybersecurity threats in general can come from a myriad of sources, such as cybercrime, hacking, cyberwar, etc. Blockchain as a Solution to Cyber Threats To our collective peril, this security risk is not receiving the treatment it deserves either by cybersecurity industry research or by consumers. The combination of porous devices and the sensitive information flowing through the smart grid has left open an attractive target for malicious cyberattacks. Malware in particular is a significant threat,īoth for the harm it can cause and the challenges in properly addressing it. In its most basic consumer application, smart meters precisely track all energy consumption and send digital meter readings to energy suppliers for more accurate energy bills.īut no matter how smart they are, smart meters still represent a serious vulnerability to the greater Smart Grid, as they are mostly a kind of interconnected communications hub between the consumers and energy providers that comprise the Grid. The new smart metering is the gateway between the Smart Grid and our homes or businesses, enabling dynamic pricing and information exchange with smart home devices. Governments have been working to implement these systems around the world as a step in combatting global warming and for their potential to build energy resilience and independence.Īlongside smart grids and the rise of IoT (Internet of Things) in general, smart meters are becoming widespread as well – in residential, business, and industrial buildings alike. The system aims to improve supply efficiency and reliability while self-healing glitches and reducing energy consumption and costs. The Smart Grid is one of the most critical infrastructure services of today’s developed nations, providing electrical service to consumers through two-way digital communications.
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