“Systems of Cyber Resilience: Electricity” is a public-private collaboration initiative with the goal to enhance cyber resilience across the electricity ecosystem. Participation includes 50 committed leaders from companies, government entities and academia, who meet regularly in a trusted, neutral environment.
The “Systems of Cyber Resilience: Electricity” platform is steered by the World Economic Forum’s Electricity Industry CEO community. A Global Working Group executes the activities. The Working Group is co-chaired by Iberdrola and ABB.
The first key deliverable of this collaboration, a report “Board principles for Cyber resilience in the Electricity ecosystem”, was published in February 2019. The aim of this report was to share high level principles to help CEOs and board members meet the unique challenges of managing cyber risk in the electricity ecosystem.
The platform’s activities are focused on three pillars:
- Organizational: assessing and improving the cyber maturity of electricity industry organisations, while promoting effective implementation of the board principles for cyber resilience across the ecosystem;
- Regulation: increasing the effectiveness of cyber resilience framework implementation by fostering a dialogue between policy makers and businesses to change approaches to new regulations; and
- Supply chain resilience: improving supply chain resilience by establishing common expectations regarding cybersecurity roles and responsibilities between stakeholders.