Cyber Risk Management for Energy and Utilities

The energy/utilities industry is under growing pressure to improve the security of the nation’s power grid and associated infrastructure. There is intense pressure from regulators and customers on the security and reliability of delivery, plus a complex landscape of continuously evolving regulatory compliance and policy mandates. The bottom line is, the energy and utilities sector must keep critical infrastructure safe from cyber threats, but they are a high target for attackers.  

Manage Cyber Risk and Compliance in One Comprehensive Platform

FortifyData’s platform can help energy and utilities companies manage their cyber risk and regulatory compliance programs. FortifyData enables these companies to continuously identify assets, monitor patching cadences, view and manage risks by specific departments, perform third party risk management of vendors. Also, manage the applicable regulatory compliance (NERC/CIP, PCI DSS, ISO, etc.) and questionnaire processes. FortifyData takes all this into account and also provides a security rating of your energy/utilities organization as a quick reference point on how well parts of the business are in managing cyber risk.

Why Energy and Utilities Companies Choose FortifyData

  • We work with electric companies, rural electric coops, telephone companies, water treatment facilities, etc. 
  • FortifyData provides a holistic view of cyber risk of the energy/utilities company, with the ability to drill down into specific departments or assets  
  • Prioritized view of risks with recommended remediation steps for identified vulnerabilities 
  • The accuracy of our risk assessment findings is based on continuous, direct, assessments of the manufacturing environment’s assets, services and processes that provide an up-to-date view of cyber risk   
  • Monitor cyber risk management progress compared to other energy/utilities companies  
  • FortifyData has been working with energy/utilities companies across the globe to more accurately understand their cyber risk exposure of external, internal, cloud and third parties. 

Solutions for Energy/Utilities Companies

Attack Surface Management and Risk-based Vulnerability Management 

Starting with asset discovery and inventory, our Attack Surface Management (ASM) identifies your IT assets as an attacker will. FortifyData assesses all ports and services of an energy or utility company’s external and internal attack surface and identifies the same vulnerabilities an attacker would. Our vulnerability prioritization capabilities help you cut through the noise and get a view of the vulnerabilities with the most impact that actually matters; you can view this across the organization or by specific department. You get a prioritized risk approach that considers context through asset classification, threat likelihood, and business impact, so you know where to focus time and resources on the most critical vulnerabilities to your organization. 

Managing Compliance, Improving Reporting and Communication 

FortifyData’s automated platform helps to streamline aspects of the compliance monitoring and reporting activities. The platform helps energy and utility companies to meet certain requirements (NERC/CIP, ISO, PCI DSS, etc.) of various compliance frameworks for cyber risk management, assessments, vulnerability management and third-party risk management.  

Additionally, reporting from the FortifyData platform provides easy to understand reports with underlying detail to better report and communicate compliance management with stakeholders.   

Third-Party Cyber Risk Management 

Effectively evaluate a vendor and the specific service or product a vendor provides.

Gain visibility into third-party cyber risks with continuous assessments of their external assets. We integrate our technology assessment findings to our embedded standard compliance, or custom, questionnaires to perform auto-validation that saves time in reviewing responses. Keep up to date on the compliance of your suppliers with your policies, and quickly identify vendors that do not comply. Get the full picture of external vulnerabilities at your third parties with our auto-validated questionnaires that leverage the live assessment data conducted on their environment. This provides you with the answers you need more quickly (in the time to run an assessment) than a manual questionnaire process. Create custom questionnaires that are specific to each vendor. Easily assign tasks and collaborate and track questionnaires with our task management capabilities.

Speed up vendor evaluations by spending less time reviewing questionnaires with FortifyData’s Questionnaire Exchange. Participants instantly access shared validated cyber risk assessments and questionnaires, allowing you to quickly make risk based decisions.

Related Resources

E-Book: Six Steps to an Effective Third-Party Cyber Risk Management Program

FortifyData’s Cyber Risk Management Platform – Overview Video

Third Party Cyber Risk Management: Automating Product and Service Specific Assessments

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