New security introduced to counter rising theft
R. Michael Lagow, CEO for Safeguard, stated, “We work closely with our client to mitigate certain types of theft. Due to the rising cost in copper, certain facilities are at significant security risks. Our team has designed a security technology solution to help reduce the threat and diminish its effects ongoing power utility operations. We are pleased to announce implementation of this program as it will significantly shrink losses in their remote facilities located throughout Texas.”
Shelly Anderson, Vice President, Operations, added, “We continue to expand our services in all areas including investigations, background checks, security staffing and security technology. Last quarter, we invoiced approximately $400,000 in additional security services outside of our base contract. Our services continue to expand with our client’s needs on an ongoing basis.”
Related News
Military Is Ramping Up Preparation For Major U.S. Power Grid Hack
WASHINGTON - The U.S. Department of Defense is growing increasingly concerned about hackers taking down our power grid and crippling the nation, which is why the Pentagon has created a $77-million security plan that it hopes will be up and running by 2020.
The U.S. power grid is threatened every few days. While these physical and cyber attacks have never led to wide-scale outages, attacks are getting more sophisticated. According to a 494-page report released by the Department of Energy in January, the nation’s grid “faces imminent danger from cyber attacks.” Such a major, sweeping attack could threaten “U.S. lifeline networks,…
