QBER: Quantifying Cyber Risks for Strategic Decisions

arXiv:2405.03513v1 Announce Type: new
Abstract: Quantifying cyber risks is essential for organizations to grasp their vulnerability to threats and make informed decisions. However, current approaches still need to work on blending economic viewpoints to provide insightful analysis. To bridge this gap, we introduce QBER approach to offer decision-makers measurable risk metrics. The QBER evaluates losses from cyberattacks, performs detailed risk analyses based on existing cybersecurity measures, and provides thorough cost assessments. Our contributions involve outlining cyberattack probabilities and risks, identifying …

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