EconPapers    
Economics at your fingertips  
 

Value of data meets IT security – assessing IT security risks in data-driven value chains

Laura Bitomsky (), Olga Bürger, Björn Häckel and Jannick Töppel
Additional contact information
Laura Bitomsky: University of Augsburg
Olga Bürger: University of Bayreuth
Björn Häckel: University of Applied Sciences Augsburg
Jannick Töppel: University of Applied Sciences Augsburg

Electronic Markets, 2020, vol. 30, issue 3, No 13, 589-605

Abstract: Abstract Digitalization forces manufacturing companies to shift towards customer-oriented, highly data-driven forms of value creation. This results in a changing IT security risk landscape as data becomes an attractive target for adversaries leading to an increasing number of attacks. In order to successfully protect data, it is essential that it is assessed in an integrated manner. Although IT security and data-based value creation have been studied by large research bodies, the existing literature fails to provide guidance on IT security risk analysis in data-based value chains. To contribute to the closure of this research gap, we propose a modeling approach which allocates different data types to value activities and analyses the data types in relation to the properties of relevant IT security risks. The evaluation, conducted with industry experts, reveals that it is not only a company’s primary assets that are of concern but also less important data types subject to significant levels of exposure that bear considerable IT security risks.

Keywords: Data-driven value creation; Value of data; IT security; Data security; Risk assessment (search for similar items in EconPapers)
JEL-codes: O3 (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) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s12525-019-00383-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:elmark:v:30:y:2020:i:3:d:10.1007_s12525-019-00383-6

Ordering information: This journal article can be ordered from
http://www.springer. ... ystems/journal/12525

DOI: 10.1007/s12525-019-00383-6

Access Statistics for this article

Electronic Markets is currently edited by Rainer Alt and Hans-Dieter Zimmermann

More articles in Electronic Markets from Springer, IIM University of St. Gallen
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2020-10-24
Handle: RePEc:spr:elmark:v:30:y:2020:i:3:d:10.1007_s12525-019-00383-6