A Model for Estimating the Benefits from Network Security Systems

Soumyo D. Moitra
Additional contact information
Soumyo D. Moitra: Software Engineering Institute, Carnegie Mellon University, Pittsburgh, PA, USA

International Journal of Business Analytics (IJBAN), 2014, vol. 1, issue 3, 1-20

Abstract: Estimating the benefits of network security systems is important for security decisions since considerable resources are spent on them and organizations need to know the returns on their investments. The objective of the model presented here is to improve management decisions. Better decisions imply greater security for the budget. This model has a number of novel features such as a probabilistic sub-model for the detection and response process, a new attack/damage matrix based on damage-type and cyber-attacks by category, and extensive sensitivity analyses. The results suggest a number of insights into the factors affecting the benefits from sensors such as the effects of non-linear relationships between the rate of attacks and the damages caused. The key role of the value of sensitive information is identified. The model helps identify the conditions under which a new security system provides enough benefits to justify its purchase.

Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 018/ijban.2014070101 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jban00:v:1:y:2014:i:3:p:1-20

Access Statistics for this article

International Journal of Business Analytics (IJBAN) is currently edited by John Wang

More articles in International Journal of Business Analytics (IJBAN) from IGI Global
Bibliographic data for series maintained by Journal Editor ().