TY - GEN
T1 - Towards quantifying the impacts of cyber attacks in the competitive electricity market environment
AU - Negrete-Pincetic, Matias
AU - Yoshida, Felipe
AU - Gross, George
PY - 2009
Y1 - 2009
N2 - We provide in this paper the first steps towards the quantification of the impacts of cyber attacks on the power grid. We present a review of key-issues on cyber security of power systems, and show the main challenges as well as complicating factors. In order to do the quantification, we propose the application of a conceptual four-layer framework that represents the physical, communication/control, market levels of the electricity infrastructure, and a cyber security investment layer. We characterize each layer and discuss the relationship among them. We focus on quantify the impacts that cyber attacks can have on the market layer using the system social welfare as the main metric. We use a small system to illustrate the application of our framework on the evaluation of investment alternatives on cyber security.
AB - We provide in this paper the first steps towards the quantification of the impacts of cyber attacks on the power grid. We present a review of key-issues on cyber security of power systems, and show the main challenges as well as complicating factors. In order to do the quantification, we propose the application of a conceptual four-layer framework that represents the physical, communication/control, market levels of the electricity infrastructure, and a cyber security investment layer. We characterize each layer and discuss the relationship among them. We focus on quantify the impacts that cyber attacks can have on the market layer using the system social welfare as the main metric. We use a small system to illustrate the application of our framework on the evaluation of investment alternatives on cyber security.
KW - Cyber security
KW - National security
KW - Power system economics
KW - Risk management
UR - http://www.scopus.com/inward/record.url?scp=74949097970&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=74949097970&partnerID=8YFLogxK
U2 - 10.1109/PTC.2009.5282237
DO - 10.1109/PTC.2009.5282237
M3 - Conference contribution
AN - SCOPUS:74949097970
SN - 9781424422357
T3 - 2009 IEEE Bucharest PowerTech: Innovative Ideas Toward the Electrical Grid of the Future
BT - 2009 IEEE Bucharest PowerTech
T2 - 2009 IEEE Bucharest PowerTech: Innovative Ideas Toward the Electrical Grid of the Future
Y2 - 28 June 2009 through 2 July 2009
ER -