Continuous Quantitative Risk Management in Smart Grids Using Attack Defense Trees
StatisticsView Usage Statistics
Full recordShow full item record
Although the risk assessment discipline has been studied from long ago as a means to support security investment decision-making, no holistic approach exists to continuously and quantitatively analyze cyber risks in scenarios where attacks and defenses may target different parts of Internet of Things (IoT)-based smart grid systems. In this paper, we propose a comprehensive methodology that enables informed decisions on security protection for smart grid systems by the continuous assessment of cyber risks. The solution is based on the use of attack defense trees modelled on the system and computation of the proposed risk attributes that enables an assessment of the system risks by propagating the risk attributes in the tree nodes. The method allows system risk sensitivity analyses to be performed with respect to different attack and defense scenarios, and optimizes security strategies with respect to risk minimization. The methodology proposes the use of standard security and privacy ...