Inducing innovation, the smart grids have promoted significant changes in electrical energy s supply and control processes. Given the opportunities and challenges for incorporating smart grid technology in their operating practices, the electrical utilities are exposed to new security risks related to their needs of communication, systems automation, new technologies introduction and data processing. This paper aims to show that these risks can be minimized by the adoption of specific policy recommendations. Also aims in analyzing parameters related to information security on the deployment of smart metering infrastructure on smart grids, this way contributing on reflection and knowledge production in the area. The Brazilian experience was idenified from a survey of innovative electrical utilities that, having realized the strategic importance of adoption of smart grid technology, were early adopters of strategic measures for its implementation. The research was developed in the context of five main pillars of analysis: general context, security and information vulnerability, impacts and adherence to applied standards. In Brazil, the motivation for the use of smart grids back to the national electrical system reliability and mitigation of non-technical losses, reflecting commitment to improve quality of service provided to the end consumer. Among the results of the survey it is highlighted the revision of legislation and, considering successful smart grid initiatives in other countries, the diagnosis of the Brazilian experience. In conclusion, the work (i) produces evidence that smart grids help reduce operating costs and non-technical losses and (ii) indicates the need to intensify research on smart grids as an effective alternative to overcome the vulnerability of access to information imposed by electronic meters.