all InfoSec news
RCVaR: an Economic Approach to Estimate Cyberattacks Costs using Data from Industry Reports. (arXiv:2307.11140v1 [cs.CR])
cs.CR updates on arXiv.org arxiv.org
Digitization increases business opportunities and the risk of companies being
victims of devastating cyberattacks. Therefore, managing risk exposure and
cybersecurity strategies is essential for digitized companies that want to
survive in competitive markets. However, understanding company-specific risks
and quantifying their associated costs is not trivial. Current approaches fail
to provide individualized and quantitative monetary estimations of
cybersecurity impacts. Due to limited resources and technical expertise, SMEs
and even large companies are affected and struggle to quantify their
cyberattack exposure. Therefore, …
business companies competitive cyberattacks cybersecurity data digitization economic exposure industry industry reports markets opportunities reports risk risks understanding