Although widely used, standard game-theoretic approaches to security games face severe shortcomings, being the common knowledge assumption a critical one. Adversarial Risk Analysis (ARA) is an alternative modeling framework that mitigates such limitations.
However, from a computational perspective, ARA is much more involved than its game theoretical counterparts. We propose an approach for finding ARA solutions to security games represented as bi-agent influence diagrams that is based on augmented probability simulation. We motivate this approach using two simple cases: sequential and simultaneous defend-attack models. We next provide the general framework and illustrate it in handling risks in a cybersecurity setting.