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How Corporate America keeps huge hacks secret

Source: National Cyber Security – Produced By Gregory Evans

But the biggest cyberattacks, the ones that can blow up chemical tanks and burst dams, are kept secret by a law that shields U.S. corporations. They’re kept in the dark forever. You could live near — or work at — a major facility that has been hacked repeatedly andINVESTIGATED by the federal government. But you’d never know. What’s more, that secrecy could hurt efforts to defend against future attacks. The murky information that is publicly available confirms that there is plenty to worry about. Unnamed energy utilities and suppliers often make simple mistakes — easily exposing the power grid to terrorist hackers and foreign spies. A CNNMoneyINVESTIGATIONhas reviewed public documents issued by regulators that reveal widespread flaws. There was thePOWER COMPANY that didn’t bother to turn off communication channels on its gear at mini-stations along the electrical grid, leaving access points completely open to hackers. It was fined $425,000 by its regulator in August. Another power company forgot to patch software on 66% of its devices, thus exposing them to known flaws exploited by hackers. It got a $70,000 fine in February. There are plenty of other examples, and all “posed a serious or substantial risk” to portions of the […]

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