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In the dynamic cyber threat landscape, effective decision-making under uncertainty is crucial for maintaining robust information security. This paper introduces the Cyber Resilience Index (CRI), a threat-informed probabilistic approach to…

Cryptography and Security · Computer Science 2024-09-09 Lampis Alevizos , Vinh-Thong Ta

Quantifying cyber risks is essential for organizations to grasp their vulnerability to threats and make informed decisions. However, current approaches still need to work on blending economic viewpoints to provide insightful analysis. To…

Cryptography and Security · Computer Science 2024-05-07 Muriel Figueredo Franco , Aiatur Rahaman Mullick , Santosh Jha

The challenge of decision-making under uncertainty in information security has become increasingly important, given the unpredictable probabilities and effects of events in the ever-changing cyber threat landscape. Cyber threat intelligence…

Cryptography and Security · Computer Science 2023-07-17 Martijn Dekker , Lampis Alevizos

Cyber risk refers to the risk of defacing reputation, monetary losses, or disruption of an organization or individuals, and this situation usually occurs by the unconscious use of cyber systems. The cyber risk is unhurriedly increasing day…

Cryptography and Security · Computer Science 2024-04-02 Fatama Tuz Johora , Md Shahedul Islam Khan , Esrath Kanon , Mohammad Abu Tareq Rony , Md Zubair , Iqbal H. Sarker

In this paper we present a study on using novel data types to perform cyber risk quantification by estimating the likelihood of a data breach. We demonstrate that it is feasible to build a highly accurate cyber risk assessment model using…

Cryptography and Security · Computer Science 2025-06-10 Armin Sarabi , Manish Karir , Mingyan Liu

Cyber networks are fundamental to many organization's infrastructure, and the size of cyber networks is increasing rapidly. Risk measurement of the entities/endpoints that make up the network via available knowledge about possible threats…

Systems and Control · Electrical Eng. & Systems 2025-01-29 Arda Bayer , David Maluf , Behnaam Aazhang

There continue to be numerous breaches publicised pertaining to cyber security despite security practices being applied within industry for many years. This article is intended to be the first in a number of articles as research into cyber…

Cryptography and Security · Computer Science 2016-01-18 Mark Evans , Leandros A. Maglaras , Ying He , Helge Janicke

The relentless process of tracking and remediating vulnerabilities is a top concern for cybersecurity professionals. The key challenge is trying to identify a remediation scheme specific to in-house, organizational objectives. Without a…

Cryptography and Security · Computer Science 2024-06-11 Corren McCoy , Ross Gore , Michael L. Nelson , Michele C. Weigle

The ability to accurately predict cyber-attacks would enable organizations to mitigate their growing threat and avert the financial losses and disruptions they cause. But how predictable are cyber-attacks? Researchers have attempted to…

Cryptography and Security · Computer Science 2020-04-10 Nazgol Tavabi , Andrés Abeliuk , Negar Mokhberian , Jeremy Abramson , Kristina Lerman

Cyber threats affect all kinds of organisations. Risk analysis is an essential methodology for cybersecurity as it allows organisations to deal with the cyber threats potentially affecting them, prioritise the defence of their assets and…

Cryptography and Security · Computer Science 2019-03-20 David Rios Insua , Aitor Couce Vieira , Jose Antonio Rubio , Wolter Pieters , Katsiaryna Labunets , Daniel Garcia Rasines

Stealth attacks pose potential risks to cyber-physical systems because they are difficult to detect. Assessing the risk of systems under stealth attacks remains an open challenge, especially in nonlinear systems. To comprehensively quantify…

Systems and Control · Electrical Eng. & Systems 2024-05-07 Guang Chen , Zhicong Sun , Yulong Ding , Shuang-hua Yang

This paper introduces a two-pillar cyber risk management framework to address the pervasive challenges in managing cyber risk. The first pillar, cyber risk assessment, combines insurance frequency-severity models with cybersecurity cascade…

Risk Management · Quantitative Finance 2025-01-13 Wing Fung Chong , Runhuan Feng , Hins Hu , Linfeng Zhang

Cyber insurance is a complementary mechanism to further reduce the financial impact on the systems after their effort in defending against cyber attacks and implementing resilience mechanism to maintain the system-level operator even though…

Cryptography and Security · Computer Science 2023-12-06 Shutian Liu , Quanyan Zhu

Cyber risk classifications are widely used in the modeling of cyber event distributions, yet their effectiveness in out of sample forecasting performance remains underexplored. In this paper, we analyse the most commonly used…

Cryptography and Security · Computer Science 2024-10-10 Matteo Malavasi , Gareth W. Peters , Stefan Treuck , Pavel V. Shevchenko , Jiwook Jang , Georgy Sofronov

Risk assessment is an inevitable step in implementation of a cyber-defense strategy. An important part of this assessment is to reason about the impact of possible attacks. In this paper, we propose a framework for estimating the impact of…

Systems and Control · Computer Science 2019-11-26 Jezdimir Milosevic , Henrik Sandberg , Karl Henrik Johansson

Resiliency has garnered attention in the management of critical infrastructure as a metric of system performance, but there are significant roadblocks to its implementation in a realistic decision-making framework. Contrasted to risk and…

Systems and Control · Electrical Eng. & Systems 2026-01-08 Vincent P. Paglioni , Graeme Troxell , Aaron Brown , Steve Conrad , Mazdak Arabi

The increasing value of data held in enterprises makes it an attractive target to attackers. The increasing likelihood and impact of a cyber attack have highlighted the importance of effective cyber risk estimation. We propose two methods…

Cryptography and Security · Computer Science 2021-04-23 Raisa Dzhamtyrova , Carsten Maple

In this study an exploration of insurance risk transfer is undertaken for the cyber insurance industry in the United States of America, based on the leading industry dataset of cyber events provided by Advisen. We seek to address two core…

Risk Management · Quantitative Finance 2022-03-16 Matteo Malavasi , Gareth W. Peters , Pavel V. Shevchenko , Stefan Trück , Jiwook Jang , Georgy Sofronov

These days, cyber-criminals target humans rather than machines since they try to accomplish their malicious intentions by exploiting the weaknesses of end users. Thus, human vulnerabilities pose a serious threat to the security and…

Cryptography and Security · Computer Science 2021-06-25 Dimitra Papatsaroucha , Yannis Nikoloudakis , Ioannis Kefaloukos , Evangelos Pallis , Evangelos K. Markakis

Cyber risk has become a critical financial threat in today's interconnected digital economy. This paper introduces a cyber-risk management framework for networked digital systems that combines the strategic behavior of players with…

Cryptography and Security · Computer Science 2026-01-26 Elisa Botteghi , Martino S. Centonze , Davide Pastorello , Daniele Tantari
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