Approaching Internal Audits from an Enterprise Risk Management Perspective

Rose, Rachel V.

doi:10.1080/07366981.2014.973234

Cited by 4 publications

(2 citation statements)

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“…The first service model is Prevention Promotion Model that focuses on preventing risks by measuring ongoing or previous systems, from which the threats are potentially impeded . This approach can assist customers to reduce the number of cyber attacks because the continuous status checks can detect most common unusual behaviors.…”

Section: Related Workmentioning

confidence: 99%

“…Our survey shows that there are a few CI service models available for enterprises to diminish or reduce the risks caused by the aforementioned reasons [22]. The first service model is Prevention Promotion Model that focuses on preventing risks by measuring ongoing or previous systems, from which the threats are potentially impeded [23]. This approach can assist customers to reduce the number of cyber attacks because the continuous status checks can detect most common unusual behaviors.…”

Section: Cybersecurity Insurance and Business Strategiesmentioning

confidence: 99%

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Secure cyber incident analytics framework using Monte Carlo simulations for financial cybersecurity insurance in cloud computing

Gai

Qiu

Hassan

2016

Concurrency and Computation

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Summary The remarkable increasing demands of mitigating losses from cyber incidents for financial firms have been driving the rapid development of the Cybersecurity Insurance (CI). The implementations of CI have covered a variety of aspects in cyber incidents, from hacking to frauds. However, CI is still at its exploring stage so that there are a number of dimensions that are uncovered by the current applications. The cyber attack on critical infrastructure is one of the serious issues that prevents the expansions of CI. This paper addresses CI implementations focusing on cloud‐based service offerings and proposes a secure cyber incident analytics framework using big data, named as Cost‐Aware Hierarchical Cyber Incident Analytics (CA‐HCIA). The approach is designed for matching different cyber risk scenarios, which uses repository data. We use Monte Carlo simulations for extracting the incident features based on the training datasets. The main algorithms in CA‐HCIA include Monte Carlo Cyber Feature Extraction (MC2FE) and Optimal Cost Balance (OCA) Algorithms. Our experimental evaluation has provided the theoretical proof of the adoptability and feasibility. Results show that our proposal improves the cost of existing techniques in 7.98% and 15.39%. Copyright © 2016 John Wiley & Sons, Ltd.

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Section: Related Workmentioning

confidence: 99%

Section: Cybersecurity Insurance and Business Strategiesmentioning

confidence: 99%