From the Sydney Morning Herald:
Smart meter hacks likely to spread: FBI
April 10, 2012 – 2:07PM
Loved and loathed … The Victorian smart meter scheme has been controversial. Miscreants are reprogramming meters to report less power usage, for a fee.
A series of hacks perpetrated against so-called “smart meter” installations over the past several years may have cost a single electric company hundreds of millions of dollars annually, the FBI said in a cyber intelligence bulletin obtained by KrebsOnSecurity.
The US law enforcement agency said this was the first known report of criminals compromising the hi-tech meters, and that it expected this type of fraud to spread across the country as more utilities deploy smart grid technology.
Smart meters are intended to improve efficiency, reliability, and allow the electric utility to charge different rates for electricity at different times of day. Smart grid technology also holds the promise of improving a utility’s ability to remotely read meters to determine electric usage.
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But it appears that some of these meters are smarter than others in their ability to deter hackers and block unauthorised modifications. The FBI warns that insiders and individuals with only a moderate level of computer knowledge are likely able to compromise meters with low-cost tools and software readily available on the internet.
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