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In this work, we address the subject of Security-byDesign in Smart Grids. Our approach bases on designing technologies with the Smart Grid Architecture Model and existing risk estimation formulas, where we will look at characteristics to help estimating failure probabilit ies. Afterwards we will discuss which way of combin ing these characteristics and failure probabilities fits best for a risk estimation and how it can be improved.

Determining failure probabilities with qualitative characteristics for risk estimation in the SGAM