As utilities around the world have initiated major smart grid infrastructure upgrades over the past several years, cyber security has become a critical priority. Security measures are designed to protect the electrical grid from attacks by terrorists and hackers, as well as strengthening its resilience against natural disasters and inadvertent threats such as equipment failures and user errors. According to a new report from Pike Research, the intense focus on smart grid cyber security from utilities, infrastructure vendors, standards bodies, and world governments is spurring a surge in revenue growth, and the cleantech market intelligence firm forecasts that the sector will increase from $1.2 billion in 2009 to $3.7 billion by 2015.

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