American Electric Power CEO Nick Akins informed CNBC’s Jim Cramer on Thursday that the energy service provider feels great in its cybersecurity defenses.
“There’s no question that we’ve been in a heightened sense of security around the resiliency, particularly cyber and physical security. This industry has been obviously working with our government partners for a long time now, and we’re ready,” Akins stated in an interview on “Mad Money.”
Akins’ remarks remained in reaction to a concern from Cramer, who particularly asked the CEO whether the Columbus, Ohio- based electrical energy would be “in good shape” if Russia assaulted its power grid. AEP has 5.5 million clients throughout 11 states in the U.S.
The U.S. and European federal governments on Thursday revealed extra sanctions targeting Moscow, after the Russian military attacked Ukraine following weeks of stepped up hostility towards its nearby nation.
As stress in between the Russia and the West heighten, it’s put the cybersecurity readiness of organizations in other nations back in the spotlight, especially those offering important services. Russia has actually been understood to utilize cyberattacks, and U.S. authorities think it was accountable for 2 current events that maimed Ukrainian federal government sites, along with those coming from some banks in the nation.
George Kurtz, the co-founder and CEO of CrowdStrike, stated in a different “Mad Money” interview Thursday that he’s talked with executives at U.S. banks who are “very concerned” about Russian cyberattacks.
“And they should be,” Kurtz stated, due to the extensive effects that so-called wiper infections can have. They are “designed to basically wipe a system,” Kurtz discussed. “When we think about cyber, it has no boundaries for collateral damage.”
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