Authors: Muriel Figueredo Franco, Aiatur Rahaman Mullick, Santosh Jha

Published on: May 06, 2024

Impact Score: 7.6

Arxiv code: Arxiv:2405.03513

Summary

• What is new: Introduction of the QBER approach that integrates economic viewpoints with cyber risk quantification.
• Why this is important: Lack of effective methods to blend economic analysis into cyber risk quantification.
• What the research proposes: The QBER approach, providing measurable risk metrics, loss evaluations, risk analyses, and cost assessments related to cyberattacks.
• Results: Outlined cyberattack probabilities, identified TEL impacts, created a model for impact gauging, suggested mitigation strategies, and examined CRQ implementation challenges.

Technical Details

Technological frameworks used: QBER approach for risk assessment and strategic cybersecurity investment.

Models used: Model to gauge Technical, Economic, and Legal impacts of cyber threats.

Data used: nan

Potential Impact

Financial services, technology firms, and any organization prioritizing cybersecurity could benefit or need to adapt to the insights provided by the QBER approach.

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