Deloitte and public utility holder Exelon have forged a partnership to implement Critical Infrastructure Protection version 5 standards in an effort to protect North America's bulk power system from potential cyber attacks.
Deloitte said Monday the CIP standards from the North America Reliability Corp. were created through the utility sector's regulatory requirements that aim to ensure the electric system's reliability across the continent.
“While regulatory requirements are an important factor, business leaders should assess their risk environment to create a robust cyber risk program that goes beyond compliance,“ said Ed Powers, a principal at Deloitte & Touche LLP.
“Exelon is doing just that with demonstrated collaboration among their executives, generation, utility and IT professionals driving innovation, and expanding their NERC CIP compliance activities to something that could generate business value.”
Chicago-based Exelon is awaiting full regulatory approval of its $6.8 billion cash acquisition Pepco, a gas and electricity provider in the mid-Atlantic region.