Modeling of Extreme Vulnerability Disclosure in Smart City Industrial Environments

Ming Jian Tang, Jiao Yin, Mamoun Alazab, Jinli Cao, Yuxiu Luo

    Research output: Contribution to journalArticlepeer-review

    Abstract

    With an ever-accelerating trend of cybercrimes due to software vulnerabilities and exposures in Smart City industrial environment, effective and proactive vulnerability risk management becomes imperative. Statistical models learning rich historical vulnerability disclosure data undoubtedly provide critical risk insights. In this article, based on extreme value theory coupled with generalized additive models, we propose a novel framework to model extreme vulnerability disclosure events under both stationary and nonstationary scenarios. By utilizing this rigorous framework, we initiated an important study on quantifying extreme cyber risks. Through extensive empirical studies using real-life datasets, our proposed framework proves to effectively capture the dynamics of extreme events. Furthermore, it enables us to address quantitatively some of the key cyber risk management questions.

    Original languageEnglish
    Article number9187565
    Pages (from-to)4150-4158
    Number of pages9
    JournalIEEE Transactions on Industrial Informatics
    Volume17
    Issue number6
    Early online date1 Sept 2020
    DOIs
    Publication statusPublished - Jun 2021

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