Cyber Insurance Against Cyberattacks on Electric Vehicle Charging Stations

Cyberattacks in the energy sector are commonplace. Load-altering cyberattacks launched via manipulations of high-wattage appliances and assets particularly alarming, as they not continuously monitored by electric power utilities. Public Electric Vehicle Charging Stations (EVCSs) among such assets. Even EVCSs utilities protected state-of-the-art defense mechanisms vulnerable to cyberattacks. Such cause financial losses EVCSs. In this paper, we propose cyber insurance for hedge economic loss due develop a data-driven design model public Under mild modeling assumptions, derive an optimal premium. Then, ensure robustness premium investigate risk insuring using suitable assessment metric (Conditional Value-at-Risk). A case study with data from Manhattan, New York illustrates our results. Our results demonstrate that is crucial designing premiums. Furthermore, increases proportion coverage offered This work informs stakeholders involved roll-out operation about benefits suggests premiums can be reduced deploying mechanisms.