Optimal Spending on Cybersecurity Measures: Risk Management
Optimal Spending on Cybersecurity Measures: Risk Management
English | 2021 | ISBN: 1032061405 | 115 Pages | PDF (True) | 3.4 MB
English | 2021 | ISBN: 1032061405 | 115 Pages | PDF (True) | 3.4 MB
Based on unique and distinct research completed within the field of risk-management and information security, this book provides insight into organizational risk-management processes utilized in determining cybersecurity investments. It describes how theoretical models and frameworks rely on either specific scenarios or controlled conditions and how decisions on cybersecurity spending within organizations—specifically, the funding available in comparison to the recommended security measures necessary for compliance—vary depending on stakeholders. As the trade-off between the costs of implementing a security measure and the benefit derived from the implementation of security controls is not easily measured, a business leader’s decision to fund security measures may be biased. The author presents an innovative approach to assess cybersecurity initiatives with a risk-management perspective and leverages a data-centric focus on the evolution of cyber-attacks.