Investor-owned Utilities Cite Cyber Attacks as Risk Factor in SEC Filings
12/27/11 | Forbes.com
Consolidated Edison (New York) specifically called out cyber attacks as a threat to investors in its recent Securities and Exchange Commission (SEC) filings. While other utilities have mentioned cyber threats under broader risk categories, this is the first filing that puts them as a standalone concern.
Here is an excerpt from the filing:
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EXCERPT A Cyber Attack Could Adversely Affect the Companies. The Utilities and other operators of critical energy infrastructure may face a heightened risk of cyber attack. In the event of such an attack, the Utilities and the competitive energy businesses could have their operations disrupted, property damaged and customer information stolen; experience substantial loss of revenues, response costs and other financial loss; and be subject to increased regulation, litigation and damage to their reputation. |