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Small and medium-sized enterprises (SME) have become the weak spot of our economy for cyber attacks. These companies are large in number and often do not have the controls in place to prevent successful attacks, respectively are not…
We introduce a model for a market based economic system of cyber-risk valuation to correct fundamental problems of incentives within the information technology and information processing industries. We assess the makeup of the current day…
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…
Pricing insurance for risks associated with information technology systems presents a complex modelling challenge, combining the disciplines of operations management, security, and economics. This work proposes a socioeconomic modelling…
Cryptocurrency exchanges are frequently targeted and compromised by cyber-attacks, which may lead to significant losses for the depositors and closure of the affected exchanges. These risks threaten the viability of the entire public…
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…
Cyber-security breaches inflict significant costs on organizations. Hence, the development of an information-systems defense capability through cyber-security investment is a prerequisite. The question of how to determine the optimal amount…
CySecTool is a tool that finds a cost-optimal security controls portfolio in a given budget for a probabilistic attack graph. A portfolio is a set of counter-measures, or controls, against vulnerabilities adopted for a computer system,…
Our decision-making processes are becoming more data driven, based on data from multiple sources, of different types, processed by a variety of technologies. As technology becomes more relevant for decision processes, the more likely they…
Nowadays, both the amount of cyberattacks and their sophistication have considerably increased, and their prevention is of concern of most of organizations. Cooperation by means of information sharing is a promising strategy to address this…
Securing enterprise networks presents challenges in terms of both their size and distributed structure. Data required to detect and characterize malicious activities may be diffused and may be located across network and endpoint devices.…
Often the hardest job is to get business representatives to look at security as something that makes managing their risks and achieving their objectives easier, with security compliance as just part of that journey. This paper addresses…
Cybersecurity planning supports the selection of and implementation of security controls in resource-constrained settings to manage risk. Doing so requires considering adaptive adversaries with different levels of strategic sophistication…
Cybercriminals increasingly target the human factor rather than continuously advancing technological defense mechanisms. Consequently, institutions that allocate substantial resources to strengthening their cybersecurity infrastructure may…
An analytical approach for a dynamic cyber-security problem that captures progressive attacks to a computer network is presented. We formulate the dynamic security problem from the defender's point of view as a supervisory control problem…
The security-constrained economic dispatch (SCED) problem tries to maintain the reliability of a power network by ensuring that a single failure does not lead to a global outage. The previous research has mainly investigated SCED by…
Small and medium enterprises (SMEs) are increasingly vulnerable to cyber threats due to limited resources and cybersecurity expertise, in addition to an increasingly hostile cyber threat environment at national and international levels.…
Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, spams, and botnets. To reduce the probability of risk, an Internet user generally invests in traditional security…
Cybersecurity increasingly relies on threat hunters to proactively identify adversarial activity, yet the cognitive work underlying threat hunting remains underexplored or insufficiently supported by existing tools. Building on prior…
Cyber attacks continue to be a cause of concern despite advances in cyber defense techniques. Although cyber attacks cannot be fully prevented, standard decision-making frameworks typically focus on how to prevent them from succeeding,…