Related papers: A Novel Mutual Insurance Model for Hedging Against…
Providing situational awareness in light of severe coordinated cyber-attacks on power grids, where many measurements may be untrusted, is necessary for reliable monitoring and resilient operation of the grid. In this scenario, the set of…
In this study an exploration of insurance risk transfer is undertaken for the cyber insurance industry in the United States of America, based on the leading industry dataset of cyber events provided by Advisen. We seek to address two core…
In recent years, researchers have proposed \emph{cyber-insurance} as a suitable risk-management technique for enhancing security in Internet-like distributed systems. However, amongst other factors, information asymmetry between the insurer…
Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, spams, and botnets. To reduce the probability of risk, an Internet user generally invests in traditional security…
Once critical substations are compromised, attack agents can coordinate among their peers to plot for maximizing disruption using local control devices. For defenders, it is critical to enumerate and identify all digital relays to determine…
The increased integration of information and communications technology at the distribution grid level offers broader opportunities for active operational management concepts. At the same time, requirements for resilience against internal…
The modern power grids are integrated with digital technologies and automation systems. The inclusion of digital technologies has made the smart grids vulnerable to cyber-attacks. Cyberattacks on smart grids can compromise data integrity…
Power distribution systems (PDS) serve as the backbone of our modern society, ensuring electricity reaches homes, businesses, and critical infrastructure. However, the increasing digitization and interconnectivity of these systems have…
Demand-Side Management (DSM) is a vital tool that can be used to ensure power system reliability and stability. In future smart grids, certain portions of a customers load usage could be under automatic control with a cyber-enabled DSM…
The increasing frequency of extreme weather events poses significant risks to power distribution systems, leading to widespread outages and severe economic and social consequences. This paper presents a novel simulation framework for…
Traditional techniques for Cyber-Physical Systems (CPS) security design either treat the cyber and physical systems independently, or do not address the specific vulnerabilities of real time embedded controllers and networks used to monitor…
Cyber risks are the most common risks encountered by a modern network system. However, it is significantly difficult to assess the joint cyber risk owing to the network topology, risk propagation, and heterogeneities of components. In this…
It is of growing concern to ensure resilience in power distribution systems to extreme weather events. However, there are no clear methodologies or metrics available for resilience assessment that allows system planners to assess the impact…
Modern industrial systems face a growing threat from sophisticated cyberattacks that can cause significant operational disruptions. This work presents a novel methodology for identification of the most critical cyberattacks that may disrupt…
The paper provides a comprehensive overview of modeling and pricing cyber insurance and includes clear and easily understandable explanations of the underlying mathematical concepts. We distinguish three main types of cyber risks:…
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…
Electric power networks are critical lifelines, and their disruption during earthquakes can lead to severe cascading failures and significantly hinder post-disaster recovery. Enhancing their seismic resilience requires identifying and…
Safe and reliable electric vehicle charging stations (EVCSs) have become imperative in an intelligent transportation infrastructure. Over the years, there has been a rapid increase in the deployment of EVCSs to address the upsurging…
Vast investments have recently been made worldwide in developing the Cyber-Physical System (CPS) technology with the expectations of improving economical and societal structures. However, great care must be paid to the CPS' complexity, the…
With the recent growing number of cyberattacks and the constant lack of effective defense methods, cyber risks become ubiquitous in enterprise networks, manufacturing plants, and government computer systems. Cyber-insurance provides a…