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Quantifying Cyber Security Risk Through Interest Rate Calculation in Debt Management

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Pubblicato in:International Conference on Cyber Warfare and Security (Mar 2025), p. 37
Autore principale: Coetzer, Christo
Altri autori: Leenen, Louise
Pubblicazione:
Academic Conferences International Limited
Soggetti:
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
Accesso online:Citation/Abstract
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Abstract: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.
Fonte:Political Science Database