What is it about?
How do you know when you have reached your ideal security spending? Our research demonstrates how you can determine if you should invest more (or less) in protecting your valuables, and how to find the optimal level
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Why is it important?
People and money are scarce resources in terms of cybersecurity. You should therefore use them wisely and where they reap the most benefit. The use of scientific models should replace gut feelings and FUD (fear, uncertainty and doubt) as decision support, our research tells you how.
Perspectives
Our intuition tells us that there is point when you don't need more protection. Our research demonstrates how to identify and quantify that point. Moreover, the findings are not limited to cybersecurity. I have implemented and tested the models in software tools for both cybersecurity and project risk to verify their generality
Stale Ekelund
Read the Original
This page is a summary of: Cybersecurity economics – balancing operational security spending, Information Technology and People, June 2019, Emerald,
DOI: 10.1108/itp-05-2018-0252.
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