Research Helps Federal Agencies Make Cybersecurity Spending Decisions
Research generated by four School of Business professors will help federal agencies answer the question: What is the right level of investment in cybersecurity?
Abhijit Dutt, Amit Dutta, Nirup Menon and Pallab Sanyal partnered with Chantilly, Virginia-based Vencore, Inc. this summer to develop a methodology for analyzing the value of federal agency information that might be susceptible to potential hacks and for determining what investment should be made to protect such information.
“This was a highly successful research project.” said, Nirup Menon, associate professor, Information Systems and Operations Management. “We were able to develop a model that senior managers of federal agencies can use to determine their level of security risk, and to adjust IT security spending accordingly.”
The research team built a model for computing likely loss from a cybersecurity breach by taking into account such factors such as:
- Likelihood of a security breach
- Sensitivity of data
- Cost of recovering lost data
- Cost of service disruption
- Loss of intellectual property
- Loss of productivity
- Cost of notifying consumers
- Legal costs
For a copy of the research report, contact Nirup Menon, firstname.lastname@example.org.
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