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CyberTEA: a Technical and Economic Approach for Cybersecurity Planning and Investment


Figueredo Franco, Muriel; Zambenedetti Granville, Lisandro; Stiller, Burkhard (2023). CyberTEA: a Technical and Economic Approach for Cybersecurity Planning and Investment. In: NOMS 2023-2023 IEEE/IFIP Network Operations and Management Symposium, Miami, FL, USA, 8 May 2023 - 12 May 2023. Institute of Electrical and Electronics Engineers, 10154307.

Abstract

It is essential to look at cybersecurity not only as a technical problem but also from economic, societal, and legal perspectives. Companies need to pay more attention to planning and investments in cybersecurity due to different factors, such as budget constraints and complexities involved in the planning and decision-making processes. Also, companies wrongly do not see themselves as the target of a potential cyberattack. Therefore, there is still a need for approaches that support companies, especially Small and Medium-sized Enterprises (SME), during the cybersecurity planning and investment decisions. This PhD thesis addressed cybersecurity planning and investment gaps by proposing the CyberTEA approach. This approach is composed of a five-phase methodology, a framework, and a set of solutions for cybersecurity planning and investment, considering the technical requirements of cybersecurity and its economic dimensions, such as the potential economic impacts of cyberattacks and the cost-benefit of protections available on the market to protect against specific threats. The evaluations and scientific advances of CyberTEA approach was proven valid to support SMEs while also showing the benefits and opportunities for cybersecurity economic approaches.

Abstract

It is essential to look at cybersecurity not only as a technical problem but also from economic, societal, and legal perspectives. Companies need to pay more attention to planning and investments in cybersecurity due to different factors, such as budget constraints and complexities involved in the planning and decision-making processes. Also, companies wrongly do not see themselves as the target of a potential cyberattack. Therefore, there is still a need for approaches that support companies, especially Small and Medium-sized Enterprises (SME), during the cybersecurity planning and investment decisions. This PhD thesis addressed cybersecurity planning and investment gaps by proposing the CyberTEA approach. This approach is composed of a five-phase methodology, a framework, and a set of solutions for cybersecurity planning and investment, considering the technical requirements of cybersecurity and its economic dimensions, such as the potential economic impacts of cyberattacks and the cost-benefit of protections available on the market to protect against specific threats. The evaluations and scientific advances of CyberTEA approach was proven valid to support SMEs while also showing the benefits and opportunities for cybersecurity economic approaches.

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Additional indexing

Item Type:Conference or Workshop Item (Paper), not_refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Informatics
Dewey Decimal Classification:000 Computer science, knowledge & systems
Scopus Subject Areas:Physical Sciences > Software
Physical Sciences > Artificial Intelligence
Physical Sciences > Computer Networks and Communications
Social Sciences & Humanities > Information Systems and Management
Physical Sciences > Safety, Risk, Reliability and Quality
Physical Sciences > Modeling and Simulation
Language:English
Event End Date:12 May 2023
Deposited On:15 Feb 2024 13:58
Last Modified:13 Mar 2024 14:54
Publisher:Institute of Electrical and Electronics Engineers
Series Name:IEEE/IFIP Network Operations and Management Symposium (NOMS)
ISSN:1542-1201
ISBN:978-1-6654-7716-1
OA Status:Closed
Publisher DOI:https://doi.org/10.1109/noms56928.2023.10154307
Related URLs:https://www.zora.uzh.ch/id/eprint/232147/
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