Defensive Cost-Benefit Analysis of Smart Grid Digital Functionalities

08/28/2020

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by   Jim Stright, et al.

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Smart grids offer several types of digital control and monitoring of electric power transmission and distribution. The potential costs of inherent security vulnerabilities, including likelihoods of exploitation, are difficult to determine. This article presents a method for comparing the economic benefits and costs of cyber-functionalities associated with smart grids.