In collaboration with a Midwest Utility Provider, we developed a cyber defense econometric model via Anylogic that not only simulates the operational process of the Utility's local distribution infrastructure, but also helps to minimize the cost of implementing security. By measuring the economic impact of various cyber attacks affecting disparate components of the distribution infrastructure, it was discovered that both extremes of the paradigm (no security measures implemented vs. securing every device) were unacceptable solutions in regards to protecting the business financially.