Abstract
We developed the mechanism of assessing cyber risks for Internet of Things (IoT) projects. The relevance of this topic is explained by growing sophistication of cyber-attacks, the speed of new threats emergence and increasing damage from the attacks. The paper addresses decreasing efficiencies of existing mechanisms of cyber risk assessment and fills the research gaps in this area. Results include development of the mechanism’s concept, its block diagram, the specification and description of its comprising tools and the case study. Unlike peers, the mechanism provided holistic approach to cyber risk assessment; integrated and coordinated all related activities and tools. It simulated the confidence interval of project return on investments (ROI) and showing the chances to go above risk appetite. It makes cyber risk assessment dynamic, iterative, responsive to changes in cyber environment. These advantages let us conclude that the mechanism should have a significant scientific and practical use.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
