© Springer Nature Switzerland AG 2019. Advanced Metering Infrastructure (AMI) is the aggregation of smart meters, communications networks, and data management systems that are tailored to meet the efficient integration of renewable energy resources. The more complex features and soundless functionalities the AMI is enhanced with, the more cyber security concerns are raised and must be taken into consideration. It is imperative to assure consumer’s privacy and security to guarantee the proliferation of rolling out smart metering infrastructure. This research paper analyzes AMI from security perspectives; it discusses the possible vulnerabilities associated with different attack surfaces in the smart meter, their security and threat implications, and finally it recommends proper security controls and countermeasures. The research findings draw the foundation upon which robust security by design approach is geared for the deployment of the AMI in the future.