Distribution feeder automation is an important part of the power distribution network, that improves smart grid technology, and reliability using self-healing. Feeder is used to establish connection between substation, and end-user without any tapping. Distribution feeder automation allows to implement flexible control of distribution system, and is used to increase efficiency, quality, and reliability of electric service. Distribution feeder automation is mainly used for supervisory control of circuit breakers, regulators, load tap changers (LTCs), switches and substation capacitor banks. Distribution feeder automation systems can accurately detect & locate faults in feeders, and remove faulty sections of the feeder in order to restore power as quickly as possible.
Increasing consumption of electricity and growing demand for power generation using clean sources are key factors driving growth of the global distribution feeder automation market. In addition, distribution feeder automation reduces interruption cost for commercial & industrial customers, and enhancement in reliability & optimal usage of energy which are some other factors expected to propel growth of the global distribution feeder automation market over the forecast period.
However, distribution feeder’s operation is entirely dependent on integrity and availability of the communications network, which may lead to network security issues. This is a key factor restraining growth of the global distribution feeder automation market. Additionally, lack of skilled workforce, and lack of awareness regarding benefits of distribution feeder automation are some other factors expected to hamper growth of the global distribution feeder automation market over the forecast period.
A major and rising trend in the market is introduction of data analytics using advanced distribution management system. This is another factor expected to aid in growth of the global distribution feeder automation market over the forecast period.
Email fraud is nothing new, but online criminals have become ever more-effective at spoofing their identities to trick employees into sending them money. The Australian Centre for Cyber Security (ACSC) recorded losses of over $20M to business email compromise (BEC) attacks last year alone, up 230 percent over the previous year – and the full amount is certain to be much larger.
Cybersecurity Insights - Attack
No matter how robust your security, or how diligent your employees, network credentials are a free pass for cybercriminals. This is mostly because employees are relied upon for their own password management. And with more than 4.8 billion sets of stolen credentials said to be available online, odds are that at least a few of your employees’ user IDs and passwords are just waiting to be used by unscrupulous outsiders. Are you ready to stop them?
Cybersecurity Insights - People
Cyber resilience will be particularly important as Australian organisations face increased pressure to quickly detect, respond to, and manage the repercussions of breaches in the wake of 2018’s Notifiable Data Breaches (NDB) scheme.