American Electric Power CEO has stated that the company has been concentrating on cybersecurity defense for years.

• On Thursday, CEO Nick Akins of American Electric Power expressed confidence in the company's cybersecurity defenses to CNBC's Jim Cramer.
• Our government partners have been working with this industry for a long time, and we are prepared, he stated.

On Thursday, Nick Akins, CEO of American Electric Power, informed CNBC's Jim Cramer that the utility company is secure in its cybersecurity measures.

Akins stated in an interview on "Mad Money" that there is no doubt that the industry has been working closely with government partners to ensure cyber and physical security resiliency. He added that they are fully prepared.

In response to a question from Cramer, Akins commented on the potential impact of a Russian attack on AEP's power grid, given that the Columbus, Ohio-based electric utility serves 5.5 million customers across 11 states in the U.S.

On Thursday, the U.S. and European governments announced new sanctions against Moscow in response to its invasion of Ukraine, which occurred after weeks of increased aggression toward the neighboring country.

The recent cyberattacks on Ukrainian government websites and banks have brought attention to the cybersecurity preparedness of institutions in other countries, particularly those providing essential services. Russia has a history of using cyberattacks, and U.S. officials believe it was responsible for these incidents.

CrowdStrike CEO George Kurtz stated in a "Mad Money" interview on Thursday that he has discussed Russian cyberattacks with executives at U.S. banks who are "very concerned."

Kurtz stated that wiper viruses, which are designed to wipe a system, can have widespread consequences and there are no boundaries for collateral damage in cyber attacks.

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