- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Aaron Nicodemus2024-06-27T16:37:00
The U.S. Department of Energy released supply chain cybersecurity principles meant to help strengthen key technologies used to manage and operate electricity, oil, and natural gas systems.
The principles, released June 18, “establish best practices for cybersecurity throughout the supply chain that supports energy infrastructure” throughout the world, according to a DOE press release. The principles are meant to be applied by manufacturers and end users, the DOE said.
“Energy systems around the world face continuous cyberattacks and are vulnerable to disruption. As new digital clean energy technologies are integrated, we must ensure they are cyber secure to prevent destruction or disruption in services,” National Security Adviser Jake Sullivan said in an accompanying statement. The principles build on the Biden administration’s National Cybersecurity Strategy Implementation Plan, which encouraged big businesses to help protect the nation from cyberattacks.
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The U.S. Department of Commerce unveiled a diagnostic supply chain risk assessment tool, which will “utilize a comprehensive set of indicators to assess structural supply chain risk across the U.S. economy,” the agency said.
Charter Communications agreed to pay $15 million and put in place a “robust” compliance plan, including cybersecurity upgrades, to settle allegations it didn’t comply with emergency 911 and network outage notification rules, the Federal Communications Commission announced.
Marathon Oil Company agreed to pay $241.5 million and bring the company into compliance with federal emissions rules in the vicinity of North Dakota’s Fort Berthold Indian Reservation after years of violations, the Department of Justice said.
American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.
The global average cost of a data breach jumped to an all-time high for the second year in a row, but companies can reel in the ballooning drag on profits by adopting artificial intelligence, according to an IBM report.
The Environmental Protection Agency is increasing its inspections of public drinking water systems after finding a majority of those reviewed were vulnerable to cyberattacks and related threats.
