Publication:
Financial impacts of smart meter security and privacy breach

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dc.citedby10
dc.contributor.authorYussof S.en_US
dc.contributor.authorRusli M.E.en_US
dc.contributor.authorYusoff Y.en_US
dc.contributor.authorIsmail R.en_US
dc.contributor.authorGhapar A.A.en_US
dc.contributor.authorid16023225600en_US
dc.contributor.authorid16246214600en_US
dc.contributor.authorid56921898900en_US
dc.contributor.authorid15839357700en_US
dc.contributor.authorid35172922200en_US
dc.date.accessioned2023-05-29T06:00:40Z
dc.date.available2023-05-29T06:00:40Z
dc.date.issued2015
dc.descriptionData privacy; Electric power transmission; Electric power transmission networks; Electric utilities; Energy utilization; Finance; Losses; Mobile security; Smart meters; Financial impacts; Information and Communication Technologies; Privacy breaches; security; Security and privacy; Security Economics; Security policy; Utility companies; Smart power gridsen_US
dc.description.abstractMany power utility companies around the world are moving towards smart grid, which integrates power delivery infrastructure with information and communication technologies. Smart meter is one of the main components of smart grid. The task of a smart meter is to track energy consumption of a premise and send that information to the utility company. Although the use of smart meter has many benefits, there are a number of security concerns regarding its usage. One particular concern is regarding the impacts of security and privacy breach of smart meter. This paper focuses on the financial impacts of smart meter security and privacy breach. The financial impacts discussed in this paper are derived from the impacts of security and privacy breach described in the literature. It is found out that the financial loss may involve various parties including the premise owner, the utility company, as well as the nation. The amount of loss can also go up to billions of dollars. Given the large group of people who may be involved and the large amount of money to be potentially lost should a security or privacy breach occur, it is very important for power companies to establish a security policy regarding smart meter and to allocate reasonable amount of resources to secure the deployed smart meter as well as the rest of the smart grid infrastructure. � 2014 IEEE.en_US
dc.description.natureFinalen_US
dc.identifier.ArtNo7066595
dc.identifier.doi10.1109/ICIMU.2014.7066595
dc.identifier.epage14
dc.identifier.scopus2-s2.0-84937468177
dc.identifier.spage11
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84937468177&doi=10.1109%2fICIMU.2014.7066595&partnerID=40&md5=c64c9c2647af228814fa8467d14c4c33
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/22386
dc.publisherInstitute of Electrical and Electronics Engineers Inc.en_US
dc.sourceScopus
dc.sourcetitleConference Proceedings - 6th International Conference on Information Technology and Multimedia at UNITEN: Cultivating Creativity and Enabling Technology Through the Internet of Things, ICIMU 2014
dc.titleFinancial impacts of smart meter security and privacy breachen_US
dc.typeConference Paperen_US
dspace.entity.typePublication
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