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NERC Fines Utilities $10 Million Citing Serious Cyber Risk, But Won't Name Them - Slashdot

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chicksdaddy shares a report from The Security Ledger: The North American Electric Reliability Corp. (NERC) imposed its stiffest fine to date for violations of Critical Infrastructure Protection (CIP) cybersecurity regulations. But who violated the standards and much of what the agency found remains secret. In a heavily redacted 250-page regulatory filing, NERC fined undisclosed companies belonging to a so-called "Regional Entity" $10 million for 127 violations of the Critical Infrastructure Protection standards, the U.S.'s main cyber security standard for critical infrastructure including the electric grid. 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 Power System)," NERC wrote.

The fines come as the U.S. intelligence community is warning Congress of the growing risk of...(continued)

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