Smart Meter Security announces that a new market research report "Smart Meter Security".

Event Correlation Improvements, Security Software on Meters, Identity Management and Authorization, Network Resiliency, Meter Worm Prevention, and End-to-End Data Encryption

Smart meter deployment continues to pick up speed in nearly all regions of the world; however, as with all information technologies introduced in the past 50 years, cyber security was at first overlooked in the rush to create a working device. Now, utilities, governments, systems integrators, device manufacturers, and nearly everyone else involved realize that smart meters and their surrounding networks can be attacked, and that cyber security measures are necessary to protect the meters and their environment.

Perhaps the most critical finding of Pike Research's analysis is that end-to-end protection of private and commercial usage data is impossible. Home area networks (HANs), commercial building networks, and utility networks all perform well in terms of keeping data encrypted within their domains. However, these domains terminate at the smart meter, and the only way for data to pass from one network to the other is for the smart meter to decrypt the data from one side and re-encrypt it on the other. Consequently, the data are, for a short while, unencrypted on the meter and could be successfully eavesdropped. We do not expect a solution to be in place before 2012, yet we anticipate that solving this problem could present a significant business opportunity.

The report assesses in considerable detail the security risks to Smart Metering, using ISO27002:2005 as a baseline to identify topics for consideration. The study reviews Smart Metering against all 11 security clauses of ISO27002:2005 to identify six key security opportunities including event correlation improvements, security software on meters, identity management and authorization, network resiliency, meter worm prevention, and end-to-end data encryption. It includes an in-depth examination of the market issues and technology issues related to smart meter security, along with market forecasts for key world regions through 2015.

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