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FERC approves Reliability Standard CIP-003-9 covering supply chain risk management of low-impact BES cyber systems

20 Mar 2023, 12:30 IST20 Mar 2023, 12:30 ISTRelevance: 75%
FERC approves Reliability Standard CIP-003-9 covering supply chain risk management of low-impact BES cyber systems

📊Executive Summary

The U.S. Federal Energy Regulatory Commission (FERC) has approved Reliability Standard CIP-003-9, which enhances supply chain risk management for low-impact bulk electric system (BES) cyber systems. This new standard, which replaces the previous CIP-003-8, introduces requirements for vendor electronic remote access security controls and methods for detecting malicious communications. The implementation plan acknowledges potential supply chain constraints for necessary equipment, reflecting the high demand for low-impact BES cyber systems. This regulatory change emphasizes the importance of robust supply chain management in ensuring the reliability and security of the North American bulk power system, which could impact procurement strategies for companies involved in energy and industrial sectors....

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Classification

Industries

Power & Energy
Industrial & Manufacturing

Components

Semiconductors & ICs

Regions

United States

Topics

Regulatory & Policy
Supply Chain Disruption
Technology Advancement

Risk Categories

Regulatory Risk