The Time Has Come to Gauge the Financial Risk of a Major Grid Cyberattack: Lloyd’s

A massive grid cyberattack may sound like the stuff of an apocalyptic movie. But for insurance giant Lloyd’s the prospect carries enough probability to carefully weigh the financial risk. The cost? As much as $1 trillion if hackers take down just 50 generators out of 700 in 15 states within the Eastern Interconnection, according to a study by … [Read more...]