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This paper presents an approach enabling economic modelling of information security risk management in contemporaneous businesses and other organizations. In the world of permanent cyber attacks to ICT systems, risk management is becoming a crucial task for minimization of the potential risks that can endeavor their operation. The prevention of the heavy(More)
The rise of the potential risks from different attacks on ICT systems means the investment in security technology is growing and is becoming a serious economic issue for many organizations. The assessment of the appropriate investment that is economically affordable and provides enough protection for the enterprise information system is an issue that is(More)
The paper presents a mathematical model to improve our knowledge of information security and risk management in contemporaneous businesses and other organizations. In the world of permanent cyber-attacks to information systems the knowledge about risk management is becoming a crucial task for minimization of the potential risks that can endeavour their(More)
With rise of the potential risks from different cyberattacks on the ICT systems the investment in security technology is growing and is becoming a serious economic issue to many organizations. The assessment of the appropriate investment that is economically affordable and provides enough protection of the enterprise information system is an issue that is(More)
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