Title
RiSKi: A Framework for Modeling Cyber Threats to Estimate Risk for Data Breach Insurance.
Abstract
Historically, the financial benefits of cyber security investments have not been calculated with the same financial discipline used to evaluate other material investments. This was mainly due to a lack of readily available data on cyber incidents impacts and systematic methodology to support the efficacy of cyber investments. In this paper we propose an innovative, cyber investment management framework named RiSKi that incorporates detection and continuous monitoring of insiders societal behavior, to the extent permitted by the law, to proactively address implied anomalies and threats and their potential business impact and risks. Moreover, it provides access to published security incidents data to enable businesses to advance their understanding of cybersecurity and awareness of the threats and consequences related to cyber breaches, and, eventually, enable faster recovery from an event. RiSKI armed with the above information, employs a methodology, and develops a supporting scenario-based cyber investment tool, for quantifying the benefits of cybersecurity investments against the many ways that potential cyber risks can affect the operation of a business.
Year
Venue
Field
2017
PCI
Data mining,Computer science,Risk analysis (business),Business impact,Risk analysis (engineering),Continuous monitoring,Investment management,Data breach,Cyber-Insurance
DocType
Citations 
PageRank 
Conference
0
0.34
References 
Authors
3
3
Name
Order
Citations
PageRank
Angeliki Panou100.34
Christoforos Ntantogian28613.03
Christos Xenakis322128.00