Press Releases
03/10/2026
Avangrid Wins Security Award Recognizing Advanced Third-Party Risk Management
Avangrid Wins Security Award Recognizing Advanced Third-Party Risk Management
CSO Award from Foundry honors organizations with outstanding security projects and initiatives
ORANGE, Conn. — March 10, 2026 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, announced that it has been granted the 2026 CSO Award, the most prestigious honor for security organizations and individuals. Avangrid’s Corporate Security and Resilience Office was recognized for advancing the company’s Third-Party Risk Management (TPRM) program in response to cybersecurity, data privacy, and geopolitical risks in the energy sector. Third-party vulnerabilities remain one of the most significant threat vectors facing the energy sector, and strengthening the program is essential for protecting Avangrid’s operations, customers, and reputation.
“Receiving the CSO award underscores the dedication and expertise of the Avangrid teams who work tirelessly to anticipate and reduce security risks, protect our vital infrastructure, and safeguard the customers and communities we serve,” said Jose Antonio Miranda, Avangrid CEO. “As the energy sector faces increasingly complex cyber and geopolitical risks, our Corporate Security and Resilience Office continues to raise the bar with industry-leading intelligence capabilities.”
Avangrid was recognized for its transition to a more flexible and advanced third-party review system that allows for better tracking, organization, and multi-team collaboration. This redesign evaluates prospective vendors for security posture, cyber risks, and potential entry points that malicious actors could exploit, strengthens data protection and privacy compliance, and assesses vendors’ handling and storage of Avangrid data.
Avangrid also combined its third-party risk management program with its award-winning corporate intelligence capabilities, including advanced intelligence for monitoring, discovery, and network analysis, to detect undisclosed relationships, such as ties to high-risk individuals, companies, or foreign entities that may create operational or reputational concerns. Avangrid’s program uses sophisticated tools and dark web access to persistently monitor for new vendor breaches, potentially discovering data exposures before even the vendor is aware.
“This year’s award winners show how security teams have repositioned themselves as strategic business enablers,” said Beth Kormanik, Content Director of the CSO Cybersecurity Awards & Conference. “They tackle business challenges by leveraging new technology and ideas and delivering detailed planning and strong execution. Their organizations are stronger for these efforts that protect revenue continuity, improve resilience, and strengthen compliance. We congratulate them and look forward to celebrating them at the CSO Cybersecurity Awards & Conference."
CSO serves enterprise security decision-makers and users with the critical information they need to stay ahead of evolving threats and defend against criminal cyberattacks. With incisive content that addresses all security disciplines, from risk management to network defense to fraud and data loss prevention, CSO offers unparalleled depth and insight to support key decisions and investments for IT security professionals.
The CSO Awards recognize organizations for security projects and initiatives demonstrating outstanding business value and thought leadership.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine, and Oregon, including operations in 25 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 80 energy generation facilities across the United States producing more than 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2025 for the fifth consecutive year. The company was named among the World’s Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
