{"id":9,"date":"2024-05-22T21:09:57","date_gmt":"2024-05-22T21:09:57","guid":{"rendered":"https:\/\/mitmgmtfaculty.mit.edu\/rpal\/research-publications\/"},"modified":"2026-03-26T17:08:43","modified_gmt":"2026-03-26T17:08:43","slug":"publications","status":"publish","type":"page","link":"https:\/\/mitmgmtfaculty.mit.edu\/rpal\/publications\/","title":{"rendered":"Publications"},"content":{"rendered":"

Publications<\/h2>
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Thought Leadership\/Practitioner (Business Press)<\/strong><\/h3>\n

I closely study the cyber risk\/resilience management space (through the help of academics, industry\/government relations, surveys, and case studies) and how they relate with my research ideas and results. I am thankful to leading business press and practitioner venues <\/em>for inviting me to write for them.<\/p>\n

Some thought leadership articles are periodically selected by MIT to appear in MIT Sloan in the News<\/strong>.<\/p>\n

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  1. K. Hill, R. Pal<\/strong>, P. Wedge, and E. Pocock: Smart Systems, Blind Spots: Rethinking Insurance in the AI Era<\/em>. Gallagher Re Article<\/strong>, March 24, 2026.<\/li>\n
  2. T. Lu and B. Nag (quoted R. Pal<\/strong>): The Rising APT Risk Reshaping Cyber Insurance for Critical Infrastructure.<\/em> Forbes (I)<\/strong>, March 17, 2026. [<\/strong>Mentioned in MIT Sloan in the News].<\/strong><\/li>\n
  3. A. Gogar and B. Nag (quoted R. Pal<\/strong>): Systemic Cyber Risk<\/i>\u00a0- The Growing Threat to Global Supply Chains.<\/em>\u00a0Forbes (I)<\/strong>, February 19, 2026.\u00a0[<\/strong>Mentioned in MIT Sloan in the News].<\/strong><\/li>\n
  4. R. Pal, <\/strong>S. Zeijlemaker, and B. Nag: Synthetic Data<\/i>\u00a0- The New Backbone of Next Gen Cybersecurity.<\/em>\u00a0Forbes (I)<\/strong>, February 5, 2026.<\/li>\n
  5. R. Pal, <\/strong>and B. Nag: Cyber-Risk<\/em> in the Boardroom<\/em> - Why Judgement Matters More Than Numbers.<\/em>\u00a0Forbes (I)<\/strong>, January 19, 2026.\u00a0[<\/strong>Mentioned in MIT Sloan in the News].<\/strong><\/li>\n
  6. R. Pal, <\/strong>B. Nag, and A. Tuteja: Businesses Need Future-Ready LLM Supply Chains.<\/em>\u00a0Forbes (I)<\/strong>, December 30, 2025.<\/li>\n
  7. R. Pal, <\/strong>Y. Lemiesa, and B. Nag: Future-Proofing Your Company from Quantum Cyber Risks.<\/em>\u00a0Forbes (I)<\/strong>, December 12, 2025.\u00a0[<\/strong>Mentioned in MIT Sloan in the News].<\/strong><\/li>\n
  8. R. Pal, <\/strong>C. Robins, and B. Nag: Safeguarding Against the New Frontier of Cyberattacks in AI.<\/em>\u00a0Forbes (I)<\/strong>, November 12, 2025.<\/li>\n
  9. R. Pal, <\/strong>D. Yao, and B. Nag: How Can Companies Secure Their Future with Rise in Agentic AI Adoption.<\/em>\u00a0Forbes (I)<\/strong>, October 30, 2025. [<\/strong>Mentioned in MIT Sloan in the News].<\/strong><\/li>\n
  10. R. Pal, <\/strong>B. Nag, and S. Mukherjee: Cyber Risk on India's Electric Roads.<\/em>\u00a0Forbes (I)<\/strong>, October 16, 2025. [Mentioned in MIT Sloan in the News]<\/strong>.<\/li>\n
  11. R. Pal<\/strong>\u00a0and B. Nag: Quantum Risk, National Fallout: Rethinking Cybersecurity Before its Too Late.<\/em>\u00a0Forbes (I)<\/strong>, September 30, 2025.\u00a0[Mentioned in MIT Sloan in the News]<\/strong>.<\/li>\n
  12. R. Pal<\/strong>, D. Granillo, and B. Nag: How AI Hallucinations Endanger Software Supply Chain.<\/em>\u00a0Forbes (I)<\/strong>, August 28, 2025.<\/li>\n
  13. R. Pal<\/strong>, S. Mukherjee, and B. Nag: Operational Economics Insights to Boost Cyber Resilience.<\/em>\u00a0Forbes (I)<\/strong>, August 11, 2025.<\/li>\n
  14. R. Pal<\/strong>, B. Nag, and E. Jain: Why Does Cybersecurity Management in Enterprises Fail?<\/em>\u00a0Forbes (I)<\/strong>, July 2, 2025.\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  15. R. Pal<\/strong>, and B. Nag: How to Manage Cyber Risk in AI LLM-driven Pharmaceutical Supply Chains.<\/em> Forbes (I)<\/strong>, June 11, 2025. [<\/strong>Mentioned in\u00a0MIT Sloan in the News].\u00a0<\/strong><\/li>\n
  16. C. Zhang, R. Pal<\/strong>, and B. Nag: How to Manage GenAI Cyber Risk in Industrial Control Systems.<\/em> Forbes (I)<\/strong>, May 9, 2025.<\/li>\n
  17. R. Pal, <\/strong>S. Zeijlemaker, and B. Nag: Importance of Boosting Insurance-Driven Cyber Resilience in the Generative AI World.<\/em> Forbes (I)<\/strong>, March 10, 2025. [<\/strong>Mentioned in\u00a0MIT Sloan in the News].\u00a0<\/strong><\/li>\n
  18. R. Pal, <\/strong>Y. Lemiesa, M. Siegel, and B. Nag: How Should Managers use AI for Critical Infrastructure Risk Management?<\/em> Forbes (I)<\/strong>, February 21, 2025.\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  19. R. Pal, <\/strong>M. Siegel, and B. Nag: How Systemic Cyber Risk Management in Software Supply Chains Works with BOMs. <\/em>Forbes (I)<\/strong>, December 24, 2024.<\/li>\n
  20. R. Pal, <\/strong>P. Liu, <\/strong>B. Nag, M. Devnani, and S. Kashyap: Five Challenges to Ensuring Cyber Assurance in the Medical AI Business. <\/em>Forbes (I)<\/strong>, November 7, 2024.<\/li>\n
  21. R. Pal, <\/strong>M. Siegel, <\/strong>and\u00a0<\/strong>B. Nag: Three Action Items for Sustainable Cyber Insurance-Linked Securities Markets. <\/em>Forbes (I)<\/strong>, August 27, 2024.<\/li>\n
  22. R. Pal, <\/strong>M. Siegel, <\/strong>and\u00a0<\/strong>B. Nag: Three Things Industrial Control System Enterprises Should Do to Boost Cyber-Resilience.\u00a0<\/em>Forbes (I)<\/strong>, April 11, 2024 [<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  23. R. Pal<\/strong>\u00a0and\u00a0<\/strong>B. Nag:\u00a0Considering Insurance to Manage IoT-driven Catastrophic Cyber-Risk.<\/em>\u00a0<\/em>Forbes (I)<\/strong>, March 22, 2024\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  24. B. Evans-Pritchard <\/strong>(quoted\u00a0R. Pal<\/strong>):\u00a0India Cyber Feels Reinsurance Capacity Pinch.<\/em>\u00a0<\/em>Life Annuity Specialist,\u00a0<\/em>(Re)InAsia<\/strong>, March 20, 2024<\/li>\n
  25. R. Pal<\/strong>,\u00a0<\/strong>B. Nag, and M. Siegel:\u00a0Cyber-security Management Landscape of the Indian Automation Industry: Overview, Challenges, Action Points.\u00a0<\/em>Forbes (I)<\/strong>, January 10, 2024\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  26. A. Smith <\/strong>(quoted\u00a0R. Pal<\/strong>):\u00a0\u00a0Customers Consider Dumping Carriers over Data Concerns.<\/em>\u00a0<\/em>Life Annuity Specialist,\u00a0<\/em>Financial Times<\/strong>, December 4, 2023<\/li>\n
  27. R. Pal<\/strong>,\u00a0<\/strong>C. Zhang, B. Nag, and M. Siegel: Why AI in Cybersecurity Needs to be Part of Business Strategy to Boost Resilience?\u00a0<\/em>Forbes (I)<\/strong>, October 6, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  28. R. Pal<\/strong>,\u00a0<\/strong>M. Rodrigues,\u00a0and B. Nag:\u00a0The Cyber-Insurance Vision is Failing for Ransomware Attacks in India.\u00a0<\/em>Forbes (I)<\/strong>, September 12, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  29. R. Pal <\/strong>and\u00a0B. Nag:\u00a0How Vedic Philosophies Can Help Boost Cybersecurity in Indian Corporations\u00a0<\/em>Forbes (I)<\/strong>, June 12, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  30. R. Pal<\/strong>, B. Nag, and S. Madnick:\u00a0How Insurance-Linked Securities Can Improve Cyber-Security in India.\u00a0<\/em>Forbes (I)<\/strong>, May 8, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  31. R. Pal<\/strong>\u00a0and B. Nag:\u00a0Five Ways Indian Medical Administrations Can Boost Hospital Cyber-Security.\u00a0<\/em>Forbes (I)<\/strong>, April 17, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  32. R. Pal<\/strong>\u00a0and B. Nag:\u00a0How Should Regulators Policy Cyber-Insurance for Indian Businesses?<\/em>\u00a0Forbes (I)<\/strong>, February 6, 2023\u00a0[<\/strong>Mentioned in\u00a0MIT Sloan in the News].<\/strong><\/li>\n
  33. R. Pal<\/strong>\u00a0and B. Nag:\u00a0Vedas and Puranas Can Inspire Enterprises to Improve Cyber-Security Posture: A Cultural View of IT Security Governance in the Wake of AIIMS-like Cyber-Attacks.<\/em>\u00a0The Times of India<\/strong>, January 5, 2023<\/li>\n
  34. R. Pal<\/strong>\u00a0and B. Nag:\u00a0Cyber-Politics Meets the Statecraft Game.<\/em>\u00a0The Times of India<\/strong>, October 30, 2022<\/li>\n
  35. R. Pal<\/strong>, B. Nag, and C. Light:\u00a0Why Cyber-Security Should Be a Strategy in the Infinite Corporate Game.<\/em>\u00a0Forbes (I)<\/strong>, October 17, 2022<\/li>\n
  36. R. Pal<\/strong>\u00a0and B. Nag:\u00a0Cyber-Threat Information Sharing Cooperative: Need of the Hour.<\/em>\u00a0Forbes (I)<\/strong>, September 14, 2022<\/li>\n
  37. R. Pal<\/strong>\u00a0and B. Nag:\u00a0Seven Challenges Against Securing the Systemic Cyber-Space in the Industrial IoT Age.<\/em>\u00a0Forbes (I)<\/strong>, July 14, 2022<\/li>\n
  38. R. Pal<\/strong>, B. Nag, and C-L. Chen:\u00a0Seven Commandments of Privacy Governance in Information Capitalist Societies.<\/em>\u00a0Forbes (I)<\/strong>, April 5, 2022<\/li>\n
  39. R. Pal<\/strong>, B. Nag, C. Light, Y. Wang, D. Romero, J. Crowcroft, and K. Psounis: Behavioral Economics: Why Indian Urbanites May Transparently Sell Their Data.<\/em>\u00a0Forbes (I)<\/strong>, February 22, 2022<\/li>\n
  40. R. Pal<\/strong>, B. Nag, C. Landwehr, J. Crowcroft, E. Hua, and T. Bandyopadhyay: Will Insurance Improve Cyber-Security Practice for Businesses?.<\/em>\u00a0Forbes (I)<\/strong>, January 25, 2022,<\/li>\n
  41. R. Pal<\/strong>, J. Crowcroft, M. Liu, S. De, and B. Nag: In Defense of a Transparent Data Economy for Data Capitalism.<\/em>\u00a0Forbes (I)<\/strong>, June 22, 2021,<\/li>\n
  42. R. Pal<\/strong> and B. Nag:\u00a0Women Leadership in the Indian Corporate Sector: A Vedic Insight<\/em>,\u00a0The Economic Times<\/strong>, December 13, 2021<\/li>\n
  43. R. Pal<\/strong>, B. Nag, J. Crowcroft, M. Liu, P. Ghosh, and S. De: Fixing the Data Economy, and Economic Inequality<\/em>,\u00a0The Financial Express<\/strong>, October 26, 2021<\/li>\n
  44. R. Pal<\/strong>, B. Nag, J. Crowcroft, M. Liu, P. Ghosh, and S. De: Few Are Averse to Sharing Personal Data<\/em>,\u00a0The Financial Express<\/strong>, October 27, 2021<\/li>\n
  45. R. Pal<\/strong>, B. Nag, and R. Sequeira: It's Time for Cyber-Insurance to Become Personal in the WFH Age.<\/em>\u00a0Forbes (I)<\/strong>, September 28, 2021<\/li>\n
  46. R. Pal<\/strong>, S. Biswas, and B. Nag:\u00a0Negative Runs Can Better the Commerce and Bat-Ball Fairness of T20s.<\/em>\u00a0The Times of India<\/strong>, July 24, 2021<\/li>\n
  47. R. Pal<\/strong> and B. Nag:\u00a0The Feasibility of Cyber-Risk Management to Ensure Social Good.<\/em>\u00a0Forbes (I)<\/strong>, April 30, 2020<\/li>\n
  48. R. Pal<\/strong> and B. Nag:\u00a0Only Appropriate Data.<\/em>\u00a0The Economic Times<\/strong>, November 14, 2019<\/li>\n<\/ol>\n

    Contributions to World Economic Forum Reports<\/strong><\/h3>\n

    As an invited member of the\u00a0Cyber-Resilience Working Group<\/em> of the World Economic Forum, I co-contributed<\/strong> articles of socio-economic impact with globally leading academics, corporate leaders, and researchers in the domain of cyber-resilience.<\/p>\n

      \n
    1. Response to the White House's Request on Harmonizing Cybersecurity Regulations<\/a>, A\u00a0World Economic Forum\u00a0<\/strong>paper, October 23, 2023 [The response statement from the contributors reached the White House]<\/li>\n
    2. Facilitating Global Interoperability of Cyber Regulations in the Electricity Sector<\/a>, A\u00a0World Economic Forum\u00a0<\/strong>paper, November 18, 2023<\/li>\n
    3. U<\/a>nlocking Cyber-Resilience in Industrial Environments: Five Principles<\/a>, A\u00a0World Economic Forum\u00a0<\/strong>paper, November 27, 2023<\/li>\n
    4. Three Key Ways to Make Supply Chains More Resilient to Cyber Risks.<\/a> A World Economic Forum<\/strong> paper, April 23, 2025<\/li>\n<\/ol>\n

      Peer-Reviewed Conference Proceedings<\/strong><\/h3>\n
        \n
      1. R. Pal<\/strong>, K. Duan, C. Zhang, and P. Liu: A Strategic Lens for Threat Intelligence Sharing in Networks.<\/em> To Appear in Proceedings of ACM SIGSIM PADS<\/strong>, 2026, Vienna, Austria.<\/li>\n
      2. L. Bluestein, R. Pal<\/strong>, T. Askerbekov, and M. Siegel: A Formal and Deployable Gaming Operation to Defend IT\/OT Networks.<\/i> In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2025 (IEEE Press)<\/strong>, Seattle, Washington, USA.<\/li>\n
      3. R. Pal<\/strong>, K. Duan, S. Zeijlemaker, and M. Siegel: A Theory to Quantitatively Estimate and Bound Systemic Cyber Risk. <\/i>\u00a0In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2025 (IEEE Press)<\/strong>, Seattle, Washington, USA.<\/li>\n
      4. R. Pal<\/strong>, B. Nag, S. Zeijlemaker, and M. Siegel: Sustaining Capital-Boosted Cyber Reinsurance Markets using CAT Bonds. <\/i>In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2025 (IEEE Press)<\/strong>, Seattle, Washington, USA.<\/li>\n
      5. Y. Lemiesa, R. Pal<\/strong>, and M. Siegel: AI on Small and Noisy Data is Ineffective for ICS Cyber Risk Management<\/em>. In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2025 (IEEE Press)<\/strong>, Seattle, Washington, USA. ['Best Paper Award Finalist' in the Theory<\/em> track]<\/strong><\/li>\n
      6. S. Zeijlemaker, R. Pal<\/strong>, J. Proudfoot, G. Kim, and M. Siegel: Balancing Risk and Reward in Cybersecurity Investment Decisions.<\/em> In Proceedings of AIS\u00a0Americas Conference on Information Systems\u00a0<\/strong>(AMCIS), 2025, Montreal, Canada. [Among the TOP 25% of papers]<\/strong><\/li>\n
      7. S. Zeijlemaker, R. Pal<\/strong>, J. Proudfoot, and M. Siegel: Advancing Cyber-Risk Management by Reducing Strategic Control Gaps.<\/em> In Proceedings of AIS\u00a0Americas Conference on Information Systems\u00a0<\/strong>(AMCIS), 2025, Montreal, Canada. [Among the TOP 25% of papers]<\/strong><\/li>\n
      8. R. Pal, <\/strong>K. Duan, and R. Sequeira: A Theory to Estimate, Bound, and Manage Systemic Cyber Risk. <\/em>In Proceedings of ACM SIGSIM PADS, <\/strong>2025, New Mexico, USA.<\/li>\n
      9. C. Zhang, R. Pal<\/strong>, C. Nicholson, and M. Siegel: (Gen)AI vs (Gen)AI in Industrial Control System Cybersecurity<\/em>. In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2024 (IEEE Press)<\/strong>, Orlando, Florida, USA.<\/li>\n
      10. R. Pal<\/strong>, R. Sequeira, S. Zeijlemaker: How Hard is it to Estimate Systemic Enterprise Cyber-Risk? <\/em>In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2024 (IEEE Press)<\/strong>, Orlando, Florida, USA.<\/li>\n
      11. R. Pal<\/strong>, K. Duan, R. Sequeira, and M. Siegel: Is Systemic Cyber Risk Management for Enterprises Sustainable?<\/em> In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2024 (IEEE Press)<\/strong>, Orlando, Florida, USA. ['Best Paper Award Finalist' in both the Theory<\/em> and Application<\/em> tracks]<\/strong><\/li>\n
      12. R. Pal<\/strong>, R. Sequeira, S. Zeijlemaker, and M. Siegel: Optimizing Cyber-Resilience in Critical Infrastructure Networks.<\/em> In Proceedings of Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2024 (IEEE Press)<\/strong>, Orlando, Florida, USA.<\/li>\n
      13. S. Zeijlemaker, R. Pal<\/strong>, and M. Siegel:\u00a0Strengthening Managerial Foresight to Defeat Cyber-Threats.<\/em>\u00a0In Proceedings of\u00a0AIS\u00a0Americas Conference on Information Systems\u00a0<\/strong>(AMCIS), 2024, Utah, USA.<\/li>\n
      14. R. Pal <\/strong>and\u00a0B. Nag:\u00a0A Mathematical Theory to Price Cyber-CAT Bonds to Boost IT\/OT Security.<\/em>\u00a0In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2023 (IEEE Press)<\/strong>, San Antonio, Texas, USA.<\/li>\n
      15. R. Pal<\/strong>, R. Sequeira, S. Zeijlemaker, and M. Siegel:\u00a0A Network Theory to Quantify and Bound Cyber-Risk<\/em>\u00a0in IT\/OT Systems.\u00a0<\/em>In\u00a0Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2023 (IEEE Press)<\/strong>, Texas, USA. ['Best Paper Award Finalist' in the Application<\/em> track]<\/strong><\/li>\n
      16. R. Pal<\/strong>, R. Sequeira, and M. Siegel:\u00a0A Mathematical Theory to Quantify Cyber-Resilience in IT\/OT Networks.<\/em>\u00a0In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2023 (IEEE Press)<\/strong>, San Antonio, Texas, USA.<\/li>\n
      17. R. Pal<\/strong>, S. Madnick, and M. Siegel: Trading in Catastrophe Bonds Can Boost Security Improving Cyber (Re-)Insurance Markets.<\/em>\u00a0In Proceedings of AIS\u00a0Americas Conference on Information Systems<\/strong> (AMCIS), 2023, Panama.<\/li>\n
      18. R. Pal<\/strong>, R. Sequeira, Y. Zhu, and Y. She: A Dynamic Theory of Security Free-Riding by Firms in the WFH Age<\/em>. In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2022\u00a0(IEEE Press)<\/strong>, Singapore.<\/li>\n
      19. B. Nag<\/strong>\u00a0and R. Pal:\u00a0Simulation Optimization for Supply Chain Decision Making<\/em>. In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2022\u00a0(IEEE Press)<\/strong>, Singapore.<\/li>\n
      20. R. Pal<\/strong>, T. Lu, P. Liu, and X. Yin: Optimal Cyber (Re-)Insurance Policy Writing is NP-Hard in IoT Societies<\/em>. In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2021\u00a0(IEEE Press)<\/strong>, Phoenix, USA.<\/li>\n
      21. A. Ahuja, R. Pal<\/strong>, V. Ribiero, and L. Golubchik:\u00a0A Regulatory System for Optimal Legal Transaction Throughput in Cryptocurrency Blockchains<\/em>.\u00a0Appeared in the\u00a0Conference on Information Systems and Technologies<\/strong>\u00a0(CIST), 2021, Los Angeles, USA.<\/li>\n
      22. R. Pal<\/strong>, Y. Wang, C. Light, Y. Dong, P. Ghosh, M. Liu, H. Nagubandi, L. Golubchik, S. De, and B. Nag: Do People Favor Personal Data Markets in a Surveillance Society?<\/em>\u00a0In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2021\u00a0(IEEE Press)<\/strong>, Phoenix, USA.<\/li>\n
      23. R. Pal<\/strong>, Z. Huang, X. Yin, S. Lototsky, J. Crowcroft, and M. Liu: Sustainable Catastrophic Cyber-Risk Management in IoT Societies<\/em>. In Proceedings of\u00a0Winter Simulation Conference\u00a0<\/strong>[an INFORMS event], 2020\u00a0(IEEE Press)<\/strong>, Orlando, USA.\u00a0[Attention<\/strong>\u00a0- The numerical evaluation section of this paper is incorrect. Initially an incorrect version appeared in the extended\u00a0journal publication<\/a><\/strong>, but was then corrected. The reader should refer the\u00a0corrected version<\/a><\/strong> of the journal paper for insights on the numerical evaluation. Due to lack of space in the conference version, the mention of relevant works by Ibragimov et.al., that tutor the audience on stable distributions is omitted (but considered in the extended journal version); instead, the works by Zolotarev et.al., on stable distributions are included that pre-date the papers by Ibragimov et.al., and is also cited by Ibragimov. et.al.]<\/em><\/li>\n
      24. R. Pal<\/strong>, M. Paolieri, and L. Golubchik:\u00a0Performance Driven Resource Sharing Markets for the Small Cloud<\/em>. In Proceedings of\u00a0IEEE ICDCS<\/strong> 2017, Atlanta, USA.<\/li>\n
      25. R. Pal<\/strong>, L. Golubchik, K. Psounis, and P. Hui:\u00a0Will Cyber-Insurance Improve Network Security? A Market Analysis.<\/em>\u00a0In Proceedings of\u00a0IEEE INFOCOM<\/strong>, 2014, Toronto, Canada.<\/li>\n
      26. R. Pal<\/strong>\u00a0and L.Golubchik:\u00a0Analyzing Self-Defense Investments in Internet Security Under Cyber-Insurance Coverage.<\/em>\u00a0In Proceedings of\u00a0IEEE ICDCS<\/strong> 2010, Genoa, Italy.<\/li>\n
      27. S-H. Lin, R. Pal<\/strong>, B. Wang, and L. Golubchik:\u00a0Sustaining Ad-Driven P2P Streaming Ecosystems - A Market-Based Approach.<\/em> In Proceedings of\u00a0IEEE\/ACM IWQoS<\/strong>, 2015, Portland, USA, with ACM FCRC 2015.<\/li>\n
      28. R. Pal<\/strong>, C. Chelmis, C. Tadepalli, M. Frincu, S. Aman, and V. Prasanna: On Online Time Series Clustering For Demand Response: A Theory to Break the \"Curse of Dimensionality\"<\/em>. In Proceedings of\u00a0ACM E-Energy<\/strong>, 2015, Bangalore, India.<\/li>\n
      29. R. Pal<\/strong>, L. Golubchik, and K. Psounis:\u00a0Aegis - A Novel Cyber-Insurance Model<\/em>. In Proceedings of\u00a0ACM\/GTS GameSec<\/strong>, 2011, Maryland, USA.<\/li>\n
      30. R. Pal<\/strong>\u00a0and P. Hui:\u00a0Modeling Investments in Internet Security - Tackling Topological Information Uncertainty<\/em>.\u00a0In Proceedings of\u00a0ACM\/GTS GameSec<\/strong>, 2011, Maryland, USA.<\/li>\n
      31. R. Pal<\/strong>, L. Golubchik, K. Psounis, and P. Hui:\u00a0On A Way to Improve Cyber-Insurer Profits - When A Security Vendor Becomes the Cyber-Insurer.<\/em>\u00a0In Proceedings of\u00a0IFIP Networking<\/strong>, 2013, New York, USA.<\/li>\n
      32. C. Leberknight, R. Pal<\/strong>, M. Chiang, and H. V. Poor:\u00a0The Sharing-Mart System - Online Digital Content Trading, Online Auctions,and Incentives.<\/em>\u00a0In Proceedings of\u00a0GameNets,<\/strong>\u00a02011, Shanghai, China.<\/li>\n
      33. R. Pal<\/strong>\u00a0and C-N.Chuah:\u00a0Characterizing Link Importance in Multi-Channel, Multi-Radio, Multi-Rate Wireless Mesh Networks.<\/em>\u00a0In Proceedings of\u00a0IEEE WCNC<\/strong>, 2008, Las Vegas, USA.<\/li>\n
      34. R. Pal<\/strong>:\u00a0On the Reliability of Multi-Hop Dynamic Spectrum Access Networks Supporting QoS-Driven Applications.<\/em>\u00a0In Proceedings of\u00a0IEEE ICC<\/strong>, 2007, Glasgow, Scotland.<\/li>\n
      35. R. Pal<\/strong>:\u00a0On Wireless Social Community Network Routers - The Design and Cost-Sharing Problem for Better Deployment<\/em>.\u00a0In Proceedings of\u00a0IEEE GLOBECOM<\/strong>, 2010, Miami, USA. [A Version appeared in\u00a0WWW SIMPLEX<\/strong>\u00a02012, Lyon, France]<\/li>\n
      36. R. Pal<\/strong>:\u00a0A Lexicographic Load-Balanced Routing Scheme for Wireless Mesh Networks.<\/em>\u00a0In Proceedings of\u00a0IEEE ICC<\/strong>, 2008, Beijing, China.<\/li>\n
      37. R. Pal<\/strong>:\u00a0Efficient Routing Algorithms for Multi-Channel Dynamic Spectrum Access Networks.<\/em>\u00a0In Proceedings of\u00a0IEEE Dyspan<\/strong>, 2007, Dublin, Ireland.<\/li>\n
      38. S. Bandyopadhyay, M. N. Pal, D. Saha, T. Ueda, K. Hasuike, R. Pal<\/strong>:\u00a0Improving System Performance of Ad Hoc Wireless Network with Directional Antenna.<\/em>\u00a0In Proceedings of\u00a0IEEE ICC<\/strong>, 2003, Anchorage, USA.<\/li>\n<\/ol>\n

        Publications in Academic Journals<\/strong><\/h3>\n
          \n
        1. R. Pal, <\/strong>P. Liu, T. Lu, and E. Hua:\u00a0How Hard is Cyber-Risk Management in IT\/OT Systems? A Theory to Classify and Conquer the Hardness of Insuring ICSs.\u00a0<\/em>In\u00a0ACM Transactions on Cyber-Physical Systems,\u00a0<\/strong>2023, Vol. 6(4).<\/li>\n
        2. R. Pal, <\/strong>X. Yin, R. Sequeira, S. Zeijlemaker, and V. Kotala:\u00a0How Can Enterprises Quantify and Analyze (Multi-Party) APT Cyber-Risk in their Industrial IoT Network?<\/em>\u00a0Accepted to Appear in\u00a0ACM Transactions on Management Information Systems<\/strong>, 2023\u00a0[Abstract in SIAM Conference in Financial Engineering 2021].<\/li>\n
        3. R. Pal, <\/strong>R. Sequeira, Y. Zhu, A. Marotta, M. Siegel, and E. Hua:\u00a0How Suboptimal is Work-From-Home Security in IT\/OT Enterprises? A Strategic Organizational Theory for Managers.<\/em>\u00a0Accepted to Appear in\u00a0ACM Transactions on Management Information Systems<\/strong>.<\/li>\n
        4. R. Pal<\/strong>, K. Psounis, J. Crowcroft, P. Hui, J. Kelly, A. Chatterjee, A. Kumar, L. Golubchik, S. Tarkoma, N. Sastry, and B. Nag: When<\/em>\u00a0Are Cyber Blackouts in IT-Driven Service Networks Likely?: A Network Oblivious Theory of Cyber R(e)Insurance Feasibility.<\/em>\u00a0In\u00a0ACM Transactions on Management Information Systems<\/strong>, 2020, Vol. 11(4) [Abstract in the INFORMS Security Conference, 2020].<\/li>\n
        5. R. Pal<\/strong>, Z. Huang, S. Lototsky, X. Yin, J. Crowcroft, M. Liu, S. De, N. Sastry, and S. Tarkoma: Aggregate Cyber-Risk Management in the IoT Age: Cautionary Statistics for (Re)Insurers and Likes.<\/em>\u00a0In IEEE Internet of Things Journal<\/strong>, 2021, Vol. 8(9).<\/li>\n
        6. R. Pal<\/strong>, Z. Huang*, S. Lototsky, X. Yin, J. Crowcroft, M. Liu, S. De, N. Sastry, and B. Nag:\u00a0Will Catastrophic Cyber-Risk Aggregation Thrive in the IoT Age?: A Cautionary Economics Tale for (Re)Insurers and Likes<\/em>.<\/em>\u00a0In\u00a0ACM Transactions on Management Information Systems<\/strong>, 2021, Vol. 12(2)<\/li>\n
        7. \u00a0R. Pal<\/strong>, L. Golubchik, K. Psounis, and P. Hui:\u00a0Differentiated Security Pricing as an Enabler of Cyber-Insurance - A First Look at a Markets Approach.<\/em>\u00a0In\u00a0IEEE Transactions of Dependable and Secure Computing<\/strong>, 2019, Vol. 16(2).<\/li>\n
        8. R. Pal<\/strong>\u00a0and J. Crowcroft:\u00a0Privacy Trading in the Surveillance Capitalism Age: Viewpoints on `Privacy-Preserving' Societal Value Creation.<\/em> \u00a0In ACM SIGCOMM Computer Communication Review<\/strong>, Vol. 49(3), 2019.<\/li>\n
        9. R. Pal<\/strong>\u00a0and V. Prasanna:\u00a0The STREAM Mechanism for CPS Security - The Case of the Smart Grid.<\/em>\u00a0In\u00a0IEEE Transactions on Computer-Aided Design of Integrated Circuits and Systems<\/strong>, 2017, Vol. 36(4)<\/li>\n
        10. R. Pal<\/strong>, L. Golubchik, K. Psounis, and T. Bandyopadhyay:\u00a0On Robust Estimates of Correlated Cyber-Insured IT Risk: A First Take of Optimal AI-Based Estimates under 'Small' Data.<\/em>\u00a0In\u00a0ACM Transactions on Management Information Systems<\/strong>, 2019, Vol. 10(3).<\/li>\n
        11. R. Pal<\/strong>, L. Golubchik, K. Psounis, and P. Hui:\u00a0Improving Cyber-Security via Profitable Insurance Markets<\/em>. In\u00a0ACM SIGMETRICS Performance Evaluation Review<\/strong>, 2018, Vol. 45(4).<\/li>\n
        12. R. Pal<\/strong>, J. Li, J. Crowcroft, M. Liu, Y. Li, and N. Sastry: Privacy Risk is a Function of Information Type: Learnings for the Surveillance Capitalism Age<\/em>. In\u00a0IEEE Transactions on Network and Service Management<\/strong>, 2021, Vol. 18(3).<\/li>\n
        13. C-L. Chen, R. Pal<\/strong>, and L. Golubchik:\u00a0Achieving Transparency Report Privacy in Linear Time.<\/em>\u00a0In\u00a0ACM Journal of Data and Information Quality<\/strong>, 2022, Vol. 14(2).<\/li>\n
        14. R.Pal<\/strong>, P. Hui, and V. Prasanna -\u00a0On Privacy Engineering in the Smart Micro-Grid.<\/em>\u00a0In\u00a0IEEE Transactions on Knowledge and Data Engineering<\/strong>, 2018, Vol. 31(5)<\/li>\n
        15. R. Pal<\/strong>, Y. Wang, J. Crowcroft, M. Liu, S. De, S. Tarkoma, Y. Li, A. Kumar, P. Hui, and B. Nag: Preference-Based Privacy Markets<\/em>. In\u00a0IEEE Access<\/strong>, 2020, Vol. 8.\u00a0[A 'position' version appeared in ACM SIGCOMM Computer Communication Review, 2019, Vol. 49(3)]<\/li>\n
        16. R. Pal<\/strong>\u00a0and P. Hui:\u00a0Economic Models for Cloud Service Markets: Pricing and Capacity Planning<\/em>. In\u00a0Theoretical Computer Science<\/strong>\u00a0(TCS), 2013, Vol. 96 [Received an honor citation from TCS for being one of their top FIVE accessed papers from 2010-2014]<\/li>\n
        17. A. Ahuja, V. Ribeiro, and R. Pal<\/strong>:\u00a0How Should We Regulate Cryptocurrencies by Consensus?: A Strategic Framework for Optimal Legal Transaction Throughput<\/em>.<\/em>\u00a0In\u00a0ACM Journal on Distributed Ledger and Technologies<\/strong>, 2022, Vol. 2(1).<\/li>\n
        18. R. Pal<\/strong>, N. Sastry, E. Obiodu, S. Prabhu, and K. Psounis: EdgeMart - A Networked OTT Economy on the Wireless Edge for Saving Multimedia IP Bandwidth.<\/em> In ACM Transactions on Autonomous and Adaptive Systems<\/strong>, 2023, Vol. 18(2) [Abstract in INFORMS Annual Meeting 2021].<\/li>\n
        19. R. Pal<\/strong>, S-H. Lin, A. Ahuja, N. Jagadeesan, A. Kumar, and L. Golubchik:\u00a0Are Federated Cloud Sharing Systems Sustainable? On Dynamic Sharing Markets and their Stability<\/em>. In\u00a0IEEE Transactions on Sustainable Computing<\/strong>, 2020, Vol. 5(4).<\/li>\n
        20. R. Pal<\/strong>, S-H. Lin, A. Ahuja, N. Jagadeesan, A. Kumar, and L. Golubchik: On the Economic Sustainability of Cloud Sharing Systems: Are Dynamic Single Resource Sharing Markets Stable? In ACM SIGMETRICS Performance Evaluation Review<\/strong>, 2019, Vol. 46(4).<\/li>\n
        21. R. Pal<\/strong>, X. Yin, and L. Golubchik:\u00a0Graphical Federated Cloud Sharing Markets.<\/em>\u00a0In\u00a0IEEE Transactions on Sustainable Computing<\/strong>, 2020, Vol. 6(4).<\/li>\n
        22. R. Pal<\/strong>, C. Chelmis, M. Frincu, and V. Prasanna:\u00a0MATCH for the Prosumer Smart Grid: The Algorithmics of Real-Time Power Balance.<\/em>\u00a0In\u00a0IEEE Transactions on Parallel and Distributed Systems<\/strong>, 2016, Vol. 27(12).<\/li>\n
        23. S-H. Lin, R. Pal<\/strong>, B. Wang, and L. Golubchik:\u00a0On a Market-Driven Hybrid P2P Video Streaming Approach.<\/em>\u00a0In\u00a0IEEE Transactions on Multimedia<\/strong>, 2016, Vol. 19(5).<\/li>\n
        24. R. Pal<\/strong>, C. Chelmis, M. Frincu, and V. Prasanna:\u00a0Towards Dynamic Demand Response - On Efficient Consumer Grouping Algorithmics.<\/em>\u00a0In\u00a0IEEE Transactions on Sustainable Computing<\/strong>, 2016, Vol 1(1).<\/li>\n
        25. R. Pal<\/strong>, J. Mitra, and M. N. Pal: Evaluation of Relative Performance of Product Designs: A Fuzzy DEA Approach to Quality Function Deployment, In\u00a0Opsearch (Springer)<\/strong>, Vol. 44, 2007\u00a0(Undergraduate Thesis)<\/strong>\u00a0[Abstract in the INFORMS Annual Meeting, 2001].<\/li>\n
        26. R. Pal<\/strong>\u00a0and P. Hui:\u00a0Cyber-Insurance for Cyber-Security: A Topological Take on Modulating Insurance Premiums.<\/em> In ACM SIGMETRICS Performance Evaluation Review<\/strong>, Vol. 40(3), 2012. [Short Journal Paper]<\/li>\n
        27. R. Pal<\/strong>, S. Kosta, and P. Hui:\u00a0Settling for Less - A QoS Compromise Mechanism for Mobile Social Networks.<\/em> In\u00a0ACM SIGMETRICS Performance Evaluation Review<\/strong>, Vol. 39(3), 2011. [Short Journal Paper]<\/li>\n
        28. R. Pal<\/strong>\u00a0and L. Golubchik:\u00a0On the Economics of Information Security: The Problem of Designing<\/em>\u00a0Optimal Cyber-Insurance Contracts.\u00a0<\/em>In ACM SIGMETRICS Performance Evaluation Review<\/strong>, Vol. 38(2), 2010. [Short Journal Paper]<\/li>\n<\/ol>\n

          Book Chapters<\/strong><\/h3>\n
            \n
          1. B. Nag <\/b>and R. Pal<\/strong>: A Practitioners Guide to Simulation Modeling.<\/em> In Advanced System Modeling and Simulation<\/strong>, Eds. A. Awasthi, (To Appear) Elsevier Press<\/strong>, 2027.<\/li>\n
          2. R. Pal<\/strong>:\u00a0Cyber-Insurance Market.\u00a0<\/em>In\u00a0Encyclopedia of Cryptography, Security, and Privacy,\u00a0<\/strong>Eds. S. Jajodia, P. Samarati, and M. Yung. Springer<\/strong>, 2025.<\/li>\n
          3. B. Nag,<\/strong> M. Devnani, and R. Pal<\/strong>: Navigating the Ethereal: Ethical Frameworks in AI<\/em> for Healthcare.<\/em> In Advances in Artificial Intelligence for Healthcare Applications<\/strong>, Eds. R. Ghosh and C. Neogi,\u00a0CRC Press (Taylor and Francis Group)<\/strong>, 2025.<\/li>\n
          4. R. Pal, <\/strong>J. Mitra, and M. N. Pal:\u00a0A Fuzzy-DEA Approach on Quality Function Deployment for Evaluation of Relative Efficiency of Product Designs.<\/em>\u00a0In\u00a0Theory and Applications of Productivity and Efficiency: Econometric and DEA Approach<\/strong>, Eds. R. Ghosh and C. Neogi,\u00a0Macmillan Publishers<\/strong>, 2005. [Undergraduate Research]<\/strong><\/li>\n<\/ol>\n

            Hobby (Vedic Astrology)<\/strong><\/h3>\n

            My books on Vedic astrology (On Amazon<\/strong> and Barnes and Noble<\/strong> worldwide).<\/p>\n

              \n
            1. R. Pal<\/strong>:\u00a0Navamsa: A Practical Treatise on Prediction<\/em>.<\/a>\u00a0Motilal Banarsidass International Publishers<\/strong>, 2025 (Book) [An Amazon Bestseller]<\/strong><\/li>\n
            2. R. Pal<\/strong>:\u00a0Will Rahu Give Spiritual Ethos? An Argumentative Analysis in Jyotish<\/em><\/a>.\u00a0Motilal Banarsidass International Publishers<\/strong>, 2025 (Book) [An Amazon Bestseller]<\/strong><\/li>\n
            3. R. Shukla, R. Pal<\/strong>, and E. Jain: Rahu and Spirituality - A Triveni<\/em> of Parashari, Nakshatra<\/em>, and Nadi Jyotish. <\/em><\/a>Motilal Banarsidass International Publishers<\/strong>, 2025 (Book)<\/strong><\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n