The Telegraph is reporting how experts are warning UK residents that smart meters could expose British homes to cyber attacks:

The intelligence agency GCHQ is said to have raised concerns over the security of the meters, which could enable hackers to steal personal details and defraud consumers by tampering with their bills, it is alleged.

The Government wants every home in the country to have a smart meter, but only 8 million out of 27 million households have so far signed up to the £11 billion scheme.

They are designed to help consumers keep on top of their energy use and send meter readings electronically to suppliers, removing the need for visits to people’s houses to read their meters.

However, the rollout of a second generation of smart meters, known as SMETS 2, has been delayed because of worries about security.

Smart Meters are a tough proposition. They offer convenience for consumer and electricity suppliers alike, but the history of how the power industry has adopted connected technology is not comforting when considering cyber security. It is a good idea to delay the deployment of smart meters to take a good, strong look at the plan to ensure it is leveraging strong encryption, has no known backdoors, and is utilizing well established and peer reviewed standards.

Unfortunately, all too often, the electric power industry allows vendors to dictate the solution rather than the industry working together to agree on a secure, smart, resilient solution to this very challenging issue. Hopefully smart meters will help the industry take a step back and reevaluate their strategy, potentially refocusing on a better way of deploying and implementing smart meters.