Quantifying Cyber Security Risk Through Interest Rate Calculation in Debt Management

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Бібліографічні деталі
Опубліковано в::	International Conference on Cyber Warfare and Security (Mar 2025), p. 37
Автор:	Coetzer, Christo
Інші автори:	Leenen, Louise
Опубліковано:	Academic Conferences International Limited
Предмети:	National Institute of Standards & Technology Data integrity Collaboration Valuation Costs Communication Decision making Empowerment Cybersecurity Debt management Factor analysis Stakeholders Interest rates Cybercrime Real time Impact analysis Risk assessment Accountability
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Короткий огляд:	Abstract: This paper introduces a novel Interest Rate Calculation Model for cyber security risk quantification, addressing the challenges of cyber security debt management. The Interest Rate Calculation Model fills this void by offering a tangible financial measure of cyber risk accumulation, 2. According to Bederna and Szadeczky (2023) organisations can optimise their cyber security investments by adopting a risk-based approach that minimises costs while ensuring proportionate protection aligned with business value at risk. Existing cyber security risk frameworks such as Factor Analysis of Information Risk (FAIR) (The FAIR Institute, n.d), International Organization for Standardization / International Electrotechnical Commission (ISO/IEC) 27005 (ISO/IEC 27005, 2022), and National Institute of Standards and Technology (NIST) (NIST, 2018) provide structured methodologies for risk assessment but lack real-time financial quantification.
Джерело:	Political Science Database