Infoscience

Conference paper

Information security risk assessment, aggregation, and mitigation

As part of their compliance process with the Basel 2 operational risk management requirements, banks must define how they deal with information security risk management. In this paper we describe work in progress on a new quantitative model to assess and aggregate information security risks that is currently under development for deployment. We show how to find a risk mitigation strategy that is optimal with respect to the model used and the available budget.

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