Secure, compliant, and efficient partner management for the energy and utilities sector
The energy and utilities sector requires secure, reliable data exchange for operational technology, compliance reporting, and managing complex partner ecosystems. Backflipt's TransferIQ solutions enable energy and utility companies to streamline partner onboarding, ensure compliance with industry regulations, and secure sensitive data exchanges across their operational networks.
Energy and utility companies must secure operational and infrastructural data against cyber threats, with potential breaches not only risking financial loss but also potentially impacting public safety and critical services.
The sector faces stringent energy-specific regulations and reporting requirements from agencies like FERC, NERC, ERO, EPA, and state regulatory bodies, each with its own set of standards and documentation requirements.
Ensuring uninterrupted data flows for grid management and energy distribution is critical, as any disruption can lead to service outages affecting millions of customers and potentially creating safety hazards.
Energy companies must coordinate data exchange with diverse service providers, regulators, suppliers, and customers, each requiring specific security protocols and compliance standards.
NERC CIP standards are particularly crucial for electric utilities, establishing comprehensive requirements for securing critical cyber assets essential to the reliable operation of the bulk electric system. These standards cover everything from electronic security perimeters to incident reporting and recovery planning.
Energy and utility companies face significant challenges in tracking and managing compliance, with potential penalties for violations ranging from substantial fines to operational restrictions. The adoption of digital technologies has introduced new cybersecurity requirements, making robust security protocols for partner interactions increasingly important.
Backflipt's TransferIQ applications help energy and utility companies address these compliance needs by improving partner management efficiencies—onboarding partners in a timely manner, ensuring approvals are secure, verifying right security requirements like valid certificates are procured, and confirming the right file transformations like encryption are in place for information exchange. In addition, periodic automatic credential and certificate renewals with up-to-date contact information for partners make the partner management compliant with security needs, secure, and assure the information exchanges are always current and active with valid encryption certificates.
NERC CIP (North American Electric Reliability Corporation Critical Infrastructure Protection) Standards for securing critical electric infrastructure against cyber and physical attacks.
FERC (Federal Energy Regulatory Commission): Regulatory oversight for interstate electricity transmission and wholesale electricity markets.
EPA (Environmental Protection Agency) Environmental regulations including the Clean Air Act, Clean Water Act, and waste management standards.
TSCA (Toxic Substance Control Act) Requires disclosure of materials used in products and limits the use of hazardous substances.
State Public Utility Commissions State-specific regulations governing utility operations, rates, and service quality.
SOX (Sarbanes-Oxley) Financial reporting and governance requirements for publicly traded energy companies.
PCI DSS For utilities that process customer payment information.
When energy and utility companies interact with their partner ecosystem, information exchanges must comply with strict security and regulatory requirements, including encryption, access controls, and audit trails to protect operational data and critical infrastructure. Each of these partner relationships involves exchanging sensitive operational and customer information that must be protected under various industry regulations. TransferIQ applications help energy and utility companies manage these complex partner relationships while ensuring compliance, security, and operational efficiency. By automating partner onboarding, credential management, file routing, and transfer monitoring, Backflipt solutions help energy and utility organizations maintain compliant information exchanges with all partners while reducing administrative overhead and minimizing the risk of security incidents that could impact critical infrastructure. All TransferIQ applications integrate seamlessly with existing MFT/B2Bi platforms, enterprise SSO providers like Okta, and ITSM systems like ServiceNow. Additionally, each application features an optional AI companion that provides actionable insights and enhances productivity.
Our TransferIQ applications are purpose-built to address the unique compliance and operational challenges of the energy and utilities sector.
Streamlines the interaction between energy sector business units and MFT admins for partner onboarding, route establishment, and modifications.
Ensures ongoing compliance through automated credential and certificate management for energy sector partners.
Empowers energy and utility staff with visibility into operational data transfers.