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The global power and utilities markets are moving ahead quickly with new infrastructure and services to improve efficiency and sustainability, which could deliver over $600Bn back to society according to the WEF.
But the costs of a large scale cyber attack on the electricity infrastructure is estimated in the Billions. The estimated impact of the Fukushima nuclear disaster was over $100Bn.
With cyber the 5th most likely risk to occur in the next 10 years. There needs to be a significant amount of effort put into cyber risk management.
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