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Cyber risk has become a critical financial threat in today's interconnected digital economy. This paper introduces a cyber-risk management framework for networked digital systems that combines the strategic behavior of players with…

Cryptography and Security · Computer Science 2026-01-26 Elisa Botteghi , Martino S. Centonze , Davide Pastorello , Daniele Tantari

This paper introduces a two-pillar cyber risk management framework to address the pervasive challenges in managing cyber risk. The first pillar, cyber risk assessment, combines insurance frequency-severity models with cybersecurity cascade…

Risk Management · Quantitative Finance 2025-01-13 Wing Fung Chong , Runhuan Feng , Hins Hu , Linfeng Zhang

The modernization of power grid infrastructures necessitates the incorporation of decision support systems to effectively mitigate cybersecurity threats. This paper presents a comprehensive framework based on integrating Attack-Defense…

Cryptography and Security · Computer Science 2025-01-13 Omer Sen , Yanico Aust , Martin Neumuller , Immanuel Hacker , Andreas Ulbig

Not a day goes by without news about a cyber attack. Fear spreads out and lots of wrong ideas circulate. This survey aims at showing how all these uncertainties about cyber can be transformed into manageable risk. After reviewing the main…

Cryptography and Security · Computer Science 2023-03-24 Michel Dacorogna , Marie Kratz

Measuring and evaluating network resilience has become an important aspect since the network is vulnerable to both uncertain disturbances and malicious attacks. Networked systems are often composed of many dynamic components and change over…

Networking and Internet Architecture · Computer Science 2021-08-23 Shanqing Jiang , Lin Yang , Guang Cheng , Xianming Gao , Tao Feng , Yuyang Zhou

Cyber insurance is a complementary mechanism to further reduce the financial impact on the systems after their effort in defending against cyber attacks and implementing resilience mechanism to maintain the system-level operator even though…

Cryptography and Security · Computer Science 2023-12-06 Shutian Liu , Quanyan Zhu

Given the rapid evolution of threats to cyber systems, new management approaches are needed that address risk across all interdependent domains (i.e., physical, information, cognitive, and social) of cyber systems. Further, the traditional…

Cryptography and Security · Computer Science 2018-06-11 Igor Linkov , Alexander Kott

Cyber threats affect all kinds of organisations. Risk analysis is an essential methodology for cybersecurity as it allows organisations to deal with the cyber threats potentially affecting them, prioritise the defence of their assets and…

Cryptography and Security · Computer Science 2019-03-20 David Rios Insua , Aitor Couce Vieira , Jose Antonio Rubio , Wolter Pieters , Katsiaryna Labunets , Daniel Garcia Rasines

The ability to analyze network threats is very important in security research. Traditional approaches, involving sandboxing technology are limited to simulating a single host, missing local network attacks. This issue is addressed by…

Cryptography and Security · Computer Science 2020-07-17 Francisc Moldovan , Ciprian Oprisa

Many studies in economics deal with the non-reliability cost to assess insurance fees or investment analyses, but none takes into consideration the mechanical aspect of reliability analysis. Other studies in mechanics give some tools and…

Risk Management · Quantitative Finance 2019-12-16 P-J. Tisserand , M. Ragueneau

Cyber Resilience is an important property of complex systems and is important consideration in developing specific IoT applications. This work aims at introducing a novel approach to assess IoT resilience adopting the risk perception in…

Networking and Internet Architecture · Computer Science 2021-09-24 Emanuele Bellini , Franco Bagnoli , Alexander A. Ganin , Igor Linkov

This paper elaborates about the potential risk of systemic instabilities in future networks and proposes a methodology to mitigate it. The starting concept is modeling the network as a complex environment (e.g. ecosystem) of resources and…

Networking and Internet Architecture · Computer Science 2012-04-24 Antonio Manzalini

Providing a comprehensive view of the city operation and offering useful metrics for decision making is a well known challenge for urban risk analysis systems. Existing systems are, in many cases, generalizations of previous domain specific…

Multiagent Systems · Computer Science 2025-01-10 David Carraminana , Ana M. Bernardos , Juan A. Besada , Jose R. Casar

Cyber resilience is a complementary concept to cybersecurity, focusing on the preparation, response, and recovery from cyber threats that are challenging to prevent. Organizations increasingly face such threats in an evolving cyber threat…

Systems and Control · Electrical Eng. & Systems 2024-04-08 Quanyan Zhu

The latest financial crisis has painfully revealed the dangers arising from a globally interconnected financial system. Conventional approaches based on the notion of the existence of equilibrium and those which rely on statistical…

Trading and Market Microstructure · Quantitative Finance 2019-12-12 V. Sasidevan , Nils Bertschinger

Fast and reliable transmission network reconfiguration is critical in improving power grid resilience to cyber-attacks. If the network reconfiguration following cyber-attacks is imperfect, secondary incidents may delay or interrupt…

Systems and Control · Electrical Eng. & Systems 2024-01-31 Chao Yang , Gaoqi Liang , Steven R. Weller , Shaoyan Li , Junhua Zhao , Zhaoyang Dong

In this paper, we present a unified framework for decision making under uncertainty. Our framework is based on the composite of two risk measures, where the inner risk measure accounts for the risk of decision given the exact distribution…

Optimization and Control · Mathematics 2015-01-07 Pengyu Qian , Zizhuo Wang , Zaiwen Wen

Critical infrastructure increasingly relies on interconnected cyber-physical systems whose security incidents can escalate rapidly into safety and operational failures. Existing decision-support approaches struggle to support real-time…

Cryptography and Security · Computer Science 2026-02-19 Shaofei Huang , Christopher M. Poskitt , Lwin Khin Shar

The losses arising from a system being hit by cyber attacks can be staggeringly high, but defending against such attacks can also be costly. This work proposes an attack countermeasure selection approach based on cost impact analysis that…

Cryptography and Security · Computer Science 2019-04-08 Jukka Soikkeli , Luis Muñoz-González , Emil C. Lupu

Many companies and organizations use firewalls to control the access to their network infrastructure. Firewalls are network security components which provide means to filter traffic within corporate networks, as well as to police incoming…

Cryptography and Security · Computer Science 2019-12-17 Frédéric Cuppens , Nora Cuppens-Boulahia , Joaquin Garcia-Alfaro
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