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The Federal Energy Regulatory Commission (FERC) will likely soon approve version 4 of the North American Electricity Reliability Corporation (NERC) Critical Infrastructure Protection (CIP) Cyber Security Standards. The new standards replace the traditional risk-based approach of identifying critical cyber assets with more prescriptive Bright Line criteria. How can those subject to the NERC CIPs comply with these new criteria and adopt them in a way that balances their business needs and risks? In addition, how does the adoption and spread of the smart grid impact business practices, privacy issues, threats, vulnerabilities and the need for security controls?
In this webcast, Paul Reymann, security and compliance expert and CEO of ReymanGroup joins Jim Stanton, Senior Energy Consultant at ReymannGroup to address those questions, and specifically discuss:
How operational characteristics of each asset help determine the security and reliability controls required.
The potential risk of adopting a prescriptive controls model that is tied to the bright-line criteria.
The current struggles between FERC, NERC, and the industry around updating the standards.
Possible future scenarios and legal implications of a new regulatory structure that might improve the process.
The pros and cons of the evolution of the smart grid.
So tune in and learn how to prepare for the latest version of the NERC CIP standards, and discover what changes may be coming for the complex regulatory structure that surrounds it.