Cyber Insurance for Plug-In Electric Vehicle Charging in Vehicle-To-Grid Systems

Niyato, D; Hoang, DT; Wang, P; Han, Z

Cyber Insurance for Plug-In Electric Vehicle Charging in Vehicle-To-Grid Systems

Niyato, D Hoang, DT

Wang, P Han, Z

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Publication Type:: Journal Article
Citation:: IEEE Network, 2017, 31 (2), pp. 38 - 46
Issue Date:: 2017-03-01

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Field	Value	Language
dc.contributor.author	Niyato, D	en_US
dc.contributor.author	Hoang, DT https://orcid.org/0000-0002-9528-0863	en_US
dc.contributor.author	Wang, P	en_US
dc.contributor.author	Han, Z	en_US
dc.date.issued	2017-03-01	en_US
dc.identifier.citation	IEEE Network, 2017, 31 (2), pp. 38 - 46	en_US
dc.identifier.issn	0890-8044	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124754
dc.description.abstract	© 1986-2012 IEEE. V2G systems bring many benefits to power systems in stabilizing energy demand and supply fluctuations as well as to PEV users in reducing energy costs. To achieve the maximum efficiency of V2G systems, data communication plays an important role. However, it is subject to cyber attack and failure, which hinder the effectiveness of V2G systems. In this article, we introduce a novel concept of using cyber insurance to transfer cyber risk from a user to a third party in PEV charging. We first introduce V2G systems and briefly discuss the cyber risks. Additionally, the basic concepts of cyber insurance are presented. We then introduce the use of cyber insurance to remove the risk of paying high energy costs of PEV charging due to the unavailability of data communication. We show that the PEV user can achieve the maximum benefit in deciding to charge its PEV and to buy insurance.	en_US
dc.relation.ispartof	IEEE Network	en_US
dc.relation.isbasedon	10.1109/MNET.2017.1600321NM	en_US
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject.classification	Networking & Telecommunications	en_US
dc.title	Cyber Insurance for Plug-In Electric Vehicle Charging in Vehicle-To-Grid Systems	en_US
dc.type	Journal Article
utslib.citation.volume	2	en_US
utslib.citation.volume	31	en_US
utslib.for	0906 Electrical and Electronic Engineering	en_US
utslib.for	0805 Distributed Computing	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Electrical and Data Engineering
pubs.organisational-group	/University of Technology Sydney/Strength - GBDTC - Global Big Data Technologies
utslib.copyright.status	closed_access	*
pubs.issue	2	en_US
pubs.publication-status	Published	en_US
pubs.volume	31	en_US

Abstract:

© 1986-2012 IEEE. V2G systems bring many benefits to power systems in stabilizing energy demand and supply fluctuations as well as to PEV users in reducing energy costs. To achieve the maximum efficiency of V2G systems, data communication plays an important role. However, it is subject to cyber attack and failure, which hinder the effectiveness of V2G systems. In this article, we introduce a novel concept of using cyber insurance to transfer cyber risk from a user to a third party in PEV charging. We first introduce V2G systems and briefly discuss the cyber risks. Additionally, the basic concepts of cyber insurance are presented. We then introduce the use of cyber insurance to remove the risk of paying high energy costs of PEV charging due to the unavailability of data communication. We show that the PEV user can achieve the maximum benefit in deciding to charge its PEV and to buy insurance.

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/124754