Xage, the company that wants to help make infrastructure more secure using the blockchain, announced a new policy manager tool to help protect utilities and other critical infrastructure from hackers and automate regulatory compliance.
Xage CEO Duncan Greatwood says the product is partly to fill in a need in the product portfolio, but also is designed to help customers comply with a new wave of regulations coming out of the Department of Homeland Security designed to protect the electricity grid from hacking, particularly from a hostile nation-state.
Greatwood says the government previously was only worried about the core network assets, but over time, it has become clear that hackers have been looking to attack technology on the edge of the utilities network like substations and local control centers, even as granular as sensors and voltage controllers.
The New York Times reported earlier this year that Russian hackers had been targeting the U.S. electrical grid, which is a big reason DHS has been pushing the utilities to upgrade the way they handle password rotation and control remote access, among other things.
This is a big scale problem because you could be talking about a single utility having between 10,000 and 20,000 substations with each of those having hundreds of components inside them.
With the new DHS regulations going into effect next year, companies have to start thinking about how to implement them now.