Kevin Bocek, Vice President, Security Strategy & Threat Intelligence at Venafi commented on weaknesses in cryptography used as part of the Open Smart Grid Project (OSGP) We dont realize it, but trillions of pounds of the worlds economy is built on encryption, cryptographic keys, and digital certificates. And when it breaks, many, many other security controls fail. And with the smart grid, failure is not an option, he said. 54% of UK security professionals surveyed indicated that the system of trust on the Internet was near the breaking point.”]