Utility companies will invest more than $21 billion on cybersecurity over the next five years to protect the world's electrical grids, according to a new report.
With cybersecurity a top priority for the United States and other governments, more money is going into protecting the so-called smart grid, according to Pike Research. The firm forecasts that annual spending on smart grid cybersecurity will more than triple from $1.2 billion last year to $3.7 billion in 2015.
via Utilities To Bolster Smart Grid Cybersecurity — Cybersecurity — InformationWeek.
