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The introduction of advanced communication infrastructure into the power grid raises a plethora of new opportunities to tackle climate change. This paper is concerned with the security of energy management systems which are expected to be…
Modern smart grids offer several types of digital control and monitoring of electric power transmission and distribution that enable greater efficiency and integrative functionality than traditional power grids. These benefits, however,…
The power grid is a critical infrastructure essential for public safety and welfare. As its reliance on digital technologies grows, so do its vulnerabilities to sophisticated cyber threats, which could severely disrupt operations. Effective…
In the current market practice, many cyber insurance products offer a coverage bundle for losses arising from various types of incidents, such as data breaches and ransomware attacks, and the coverage for each incident type comes with a…
Given that disturbances to the stable and normal operation of power systems have grown phenomenally, particularly in terms of unauthorized access to confidential and critical data, injection of malicious software, and exploitation of…
Developing intelligent, interoperable Cyber Threat Information (CTI) sharing technologies can help build strong defences against modern cyber threats. CTIs allow the community to share information about cybercriminals' threats and…
We address the problem of maintaining high voltage power transmission networks in security at all time, namely anticipating exceeding of thermal limit for eventual single line disconnection (whatever its cause may be) by running slow, but…
Understanding smart grid cyber attacks is key for developing appropriate protection and recovery measures. Advanced attacks pursue maximized impact at minimized costs and detectability. This paper conducts risk analysis of combined data…
Based on classical contagion models we introduce an artificial cyber lab: the digital twin of a complex cyber system in which possible cyber resilience measures may be implemented and tested. Using the lab, in numerical case studies, we…
Power electronic systems (PES) face significant threats from various data availability and integrity attacks, significantly affecting the performance of communication networks and power system operation. As a result, several attack…
Phasor measurement units (PMUs) can be effectively utilized for the monitoring and control of the power grid. As the cyber-world becomes increasingly embedded into power grids, the risks of this inevitable evolution become serious. In this…
Internet of Things (IoT) is highly vulnerable to emerging Advanced Persistent Threats (APTs) that are often operated by well-resourced adversaries. Achieving perfect security for IoT networks is often cost-prohibitive if not impossible.…
Efficient risk transfer is an important condition for ensuring the sustainability of a market according to the established economics literature. In an inefficient market, significant financial imbalances may develop and potentially…
The focus of this paper is on operating the electric power grid in a secure manner when wildfire risks are high. This is a challenging problem because of the uncertain ways in which the fires can impact the operation of the power system. To…
This chapter will first present a principal-agent game-theoretic model to capture the interactions between one insurer and one user. The insurer is deemed as the principal who does not have incomplete information about user's security…
Nowadays, cyber threats are considered among the most dangerous risks by top management of enterprises. One way to deal with these risks is to insure them, but cyber insurance is still quite expensive. The insurance fee can be reduced if…
Firms in inter-organizational networks such as supply chains or strategic alliances are exposed to interdependent risks. These are risks that are transferable across partner firms. They can be decomposed into intrinsic risks a firm faces…
Fair cost allocation in community microgrids remains a significant challenge due to the complex interactions between multiple participants with varying load profiles, distributed energy resources, and storage systems. Traditional cost…
False alerts due to misconfigured/ compromised IDS in ICS networks can lead to severe economic and operational damage. To solve this problem, research has focused on leveraging deep learning techniques that help reduce false alerts.…
Modern smart grid systems are heavily dependent on Information and Communication Technology, and this dependency makes them prone to cyberattacks. The occurrence of a cyberattack has increased in recent years resulting in substantial damage…