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The Quantification Management of Information Security Risk

Guoling Lao, Liping Wang

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Abstract

Information security risk management is the crucial protection for the financial institute's operation and development. As the key step of information security risk, risk quantification will determine the resource allocation between various security measures. This article quantifies the risk from the angle of view of financial risk and refers to the mature quantitative models and methods. This approach will promote the development of information security risk management as well as integration with other financial risks.

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What this paper is about

Information security risk management is the crucial protection for the financial institute's operation and development. As the key step of information security risk, risk quantification will determine the resource allocation between various security measures. This article quantifies the risk from the angle of view of financial risk and refers to the mature quantitative models and methods. This approach will promote the development of information security risk management as well as integration with other financial risks.

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OpenAlex reports 3 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Information security risk management is the crucial protection for the financial institute's operation and development. As the key step of information security risk, risk quantification will determine the resource allocation between various security measures. This article quantifies the risk from the angle of view of financial risk and refers to the mature quantitative models and methods. This approach will promote the development of information security risk management as well as integration with other financial risks.

Key concepts: IT risk management, Risk management, Risk analysis (engineering), Information security management, Factor analysis of information risk, Risk management information systems, Security management, Information security

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