Internet of Energy powers up hackers’ threat to electricity grids

When a wave of cyber attacks threatened Australia’s critical infrastructure this year, Canberra took the threat seriously, stepping up efforts to track cyber criminals and to boost funding for security agencies.

Australia was one of many targets in 2020: cyber attacks on infrastructure were reported in Germany, Ukraine and Azerbaijan, among others, while Washington imposed sanctions on Russia for targeting utilities in the US and the Middle East.

As power infrastructure is upgraded and becomes increasingly reliant on internet connectivity — an evolution known as the Internet of Energy (IoE) — cyber criminals have more opportunities to disrupt energy supplies.

“The number one reason for attacks is ransomware,” says Gareth Williams, vice-president for secure communications and information systems at Thales UK, a unit of the French defence and technology group. “We’ve noticed a shift from ‘cyber hoodies’ demanding small amounts of money from multiple easy targets to hackers spending more

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Techstars grad WattBuy raises $3.25M to help households shop for electricity providers

WattBuy founders Naman Trivedi and Ben Hood.(WattBuy Photo)

WattBuy raised $3.25 million to expand its database tool that collects and shares energy rates in unregulated states where residents and businesses can shop around for their electricity providers.

WattBuy shines a new light on electric rates by plugging into public energy data

Founded in 2017, the company lets users upload their electricity usage and compare available plans to save money or buy electricity from a solar or wind energy provider.

WattBuy is led by co-founder and CEO Naman Trivedi, who previously worked at Google and Box, and was a science and technology advisor at the White House during the Obama administration. Trivedi helped launch WattBuy out of Seattle but is now based in New York City. WattBuy co-founder and CTO Ben Hood is based in Washington D.C. and was most recently CEO of Polish mobile developer GogoApps.

Evergy Ventures led the

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