US Offers $25 Million Cybersecurity Grant After Pipe Attacks

Bloomberg – The U.S. wants to fund research targeting better cybersecurity for the nation’s power grid and the oil and natural gas industry, less than a month after web attacks hobbled electronic communications for several pipeline operators.

The Department of Energy is making $25 million in grants available for projects that pursue new approaches to making the energy sector more resilient to cyberattacks. The deadline for applications is June 18, according to a statement Monday.

Earlier this month, at least seven U.S. pipeline companies said their electronic communications systems were shut down, with five confirming the disruptions were caused by a web attack. The threat followed a U.S. government warning in March that Russian hackers are conducting an assault on the electric grid and other targets.

Read more at Bloomberg.