Nuclear Plants ‘Well-Equipped’ To Deal With Cyber Attacks, But Risks Are Real, Says Insurer

UK-based Chaucer offers outlook on SMRs and nuclear growth to 2050

Nuclear Plants ‘Well-Equipped’ To Deal With Cyber Attacks, But Risks Are Real, Says Insurer
The industry needs to keep an eye on possible problems associated with the growing digitalisation of nuclear plants. 

Nuclear power plants are mostly well-equipped to deal with cyber threats, but nevertheless run an increasing risk of becoming a strategic target, according to UK-based insurer Chaucer.

Michael Dawson, who leads Lloyd’s Syndicate 1176, managed by Chaucer, which predominantly arranges cover for physical damage loss to civil nuclear power stations, said that while risks were low for an actor to access the operating unit of a nuclear power plant, that it was a growing risk.

“We actually have considerable confidence in the nuclear industry’s own resilience in terms of protecting against cyber attacks. But the world is changing,” said Dawson.

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