Whitehawk (ASX:WHK) says that together with Salmon Ventures it has identified a number of US-based utility corporations, associations, and regulators whose businesses are inherently exposed to third-party cyber risk through supply-chain partners, sub-contractors and vendors.
According to Whitehawk, the US Department of Homeland Security and director of National Intelligence have identified the utility vertical (electric, gas/oil, water, and telecommunication) critical infrastructure as continuously under cyber-attack.
And Whitehawk says the partnership with Salmon Ventures is accelerating the delivery of the 360 Cyber Risk Framework to this critical infrastructure sector and has already driven a number of discussions between WhiteHawk and target customers within the U.S. utility sector.
Terry Roberts, executive chair of WhiteHawk, said: “Based on our work with the US Department of Energy in 2016, where we implemented a comprehensive cyber risk management solution, we identified a critical need within the US utility sector for effective cyber risk identification and mitigation solutions that leverage global open data analytics, commercial risk ratings and continuous mitigation.
“With the US Federal Energy Regulatory Commission (FERC) affirming that the US power grid systems are equally vulnerable to the cyber-attacks that took down the power grid in Ukraine for several days, it is imperative that major players across the US utility sector take pragmatic, impactful, and affordable action.
“Working with Salmon Ventures allows us to smartly engage with the utility leadership and leverage WhiteHawk’s artificial intelligence methodologies based upon the compliance frameworks from federal guidelines, providing measurable and affordable processes for all enterprises.”