Comparison of the Most Important Models of Investments in Cyber and Information Security

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F22%3APU145351" target="_blank" >RIV/00216305:26510/22:PU145351 - isvavai.cz</a>

Result on the web

<a href="https://trends.fbm.vutbr.cz/index.php/trends/article/view/621" target="_blank" >https://trends.fbm.vutbr.cz/index.php/trends/article/view/621</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.13164/trends.2022.39.25" target="_blank" >10.13164/trends.2022.39.25</a>

Result language

angličtina

Original language name

Comparison of the Most Important Models of Investments in Cyber and Information Security

Original language description

Purpose of the article: Cyber security has become a key factor in determining the success or failure of companies that rely on information systems. However, this entails considerable investment. Typical investments in information technology aim to create value, while investments in cyber security aim to minimise losses caused by cyber-attacks. In the case of investment in cyber and information security, therefore, we must evaluate the amount of loss that will never actually occur. This is a complicated problem, and several approaches have been proposed over the years to estimate the cost-benefit balance of security investments. Methodology/methods: This paper is based on previous research (Podešva et al., 2021), where two most used methods of the ROI / ROSI (Bojanc, 2008) and Gordon-Loe model (Gordon, Loeb, 2002) were identified in the field of investments in cyber and information security. Both methods are described and the advantages and limitations for further research are identified. Scientific aim: The main goal is to select the most suitable method for further research in the field of investment in cyber and information security. Findings: ROI / ROSI does not seem suitable for further research because it only tells us what percentage of return on in-vestment will be provided during a given period. The separate use of this method (ROI / ROSI) provides us with very limited results and it is necessary to combine it with other methods. On the other hand, the Gordon-Loeb model is much more complex despite several limitations, especially for coefficients ʎ and t. Further research will therefore focus on the constant t (probability of attack on a given information set) and its value will be modelled based on the SIR epidemic model on network with standard incidents (Podešva, Koch 2019). Conclusions: At present, there is no standardised approach to decision-making and the size of investments in cyber and in-formatio

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50203 - Industrial relations

Project

<a href="/en/project/EF19_073%2F0016948" target="_blank" >EF19_073/0016948: Quality internal grants at BUT</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year

2022

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

TRENDY EKONOMIKY A MANAGEMENTU

ISSN

1802-8527

e-ISSN

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Volume of the periodical

16

Issue of the periodical within the volume

39

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

10

Pages from-to

25-34

UT code for WoS article

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EID of the result in the Scopus database

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