Insuring Ensuring Cybersecurity: Bill Pfister

Deck: 

Edison Electric Institute

Fortnightly Magazine - January 2023
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It seems as though everything everywhere is tied together by the internet, causing increased need for and interest in cybersecurity at electric utilities. That's why the Edison Electric Institute has experts who handle such matters for member utility companies.

Cybersecurity is a big topic, so Public Utilities Fortnightly discussed issues surrounding that generally and specifically with two specialists from EEI.

David Batz has followed developments in the cyber world for a long time and has a lot to say about that culture at electric utilities and how to manage risk. Bill Pfister knows all about cyber insurance and talks about its impact on utilities. This discussion tied together a lot on cyber risk mitigation, also important to system resiliency, and is not to be missed.
 

PUF's Paul Kjellander: You follow the insurance industry and its impact on utilities. It seems as if risks associated with cyber are taking on a new importance on the insurance side.

Bill Pfister: We are an asset heavy industry, so we have to help mitigate some of the concerns around what could happen to our assets. We carry a lot of insurance for property, directors' and officers' liability, and such. What we've seen is that's been the history forever.

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