Optimal policies for information sharing in information system security

Senay Solak and Yueran Zhuo

European Journal of Operational Research, 2020, vol. 284, issue 3, 934-950

Abstract: Information sharing has become a significant part of information system security endeavor, as many firms have come to realize that it is difficult to defend against the increasingly sophisticated information security attacks with the limited resources of one single firm. The sharing of information security related knowledge and experience helps firms better prepare for the upcoming information security challenges. However, the practice of information sharing is far less prevalent when compared with other information security methods. In this paper, we develop a framework for information sharing decisions of a firm in the context of information system security. We find through analytical and numerical analyses that the optimal level information sharing is a function of the cost, budget and expected cost of perfect protection for a given firm. We also examine the value of information sharing in information security, and identify how such value varies over different investment environments.

Keywords: Information system security; Technology investments; Information sharing; Stochastic programming (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0377221719310197
Full text for ScienceDirect subscribers only

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:eee:ejores:v:284:y:2020:i:3:p:934-950

DOI: 10.1016/j.ejor.2019.12.016

Access Statistics for this article

European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

More articles in European Journal of Operational Research from Elsevier
Bibliographic data for series maintained by Catherine Liu ().