Energy Dept. Gave Out Billions To Inadquate Companies

Energy Department officials gave out billions in dollars in smart grid grants to companies that didn't always have adequate cybersecurity controls. That's according to an audit by the Energy Department's inspector general. The IG reviewed five of the grants and found three of them went to firms who had incomplete cyber security plans. The companies are being allowed to develop and implement cyber plans during the course of the three-year award period, but the IG worries the smart grid systems could be compromised before the right controls are put in place. Energy officials say they're committed to monitoring the grants to make sure the plans are updated as needed.