TY - GEN
T1 - Economic Prospect Theory Applied to Cybersecurity
AU - Patterson, Wayne
AU - Gergely, Marton
N1 - Publisher Copyright:
© 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.
PY - 2020
Y1 - 2020
N2 - A growing concern in the cybersecurity community evaluation of the strengths and defenses regarding cyberattacks. One approach that has not been often explored is to estimate the strength of an attack or defense in economic terms. For example, estimation of the memory required for code used for an attack, or what is equivalent, the computer time to execute an attack. We choose to express the costs in economic terms, and thus define the method of analyzing an important line of research known as “behavioral economics”, pioneered by Kahneman and Tversky, and translated into cybersecurity terms. In this way we attempt to determine a cybersecurity analog for well-known results in economic prospect theory to be able to estimate the costs of cyberattacks and defenses.
AB - A growing concern in the cybersecurity community evaluation of the strengths and defenses regarding cyberattacks. One approach that has not been often explored is to estimate the strength of an attack or defense in economic terms. For example, estimation of the memory required for code used for an attack, or what is equivalent, the computer time to execute an attack. We choose to express the costs in economic terms, and thus define the method of analyzing an important line of research known as “behavioral economics”, pioneered by Kahneman and Tversky, and translated into cybersecurity terms. In this way we attempt to determine a cybersecurity analog for well-known results in economic prospect theory to be able to estimate the costs of cyberattacks and defenses.
KW - Cyberattacker
KW - Cyberdefender
KW - Cybersecurity
KW - Kahneman-Tversky
KW - Prospect theory
UR - http://www.scopus.com/inward/record.url?scp=85088519570&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85088519570&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-52581-1_15
DO - 10.1007/978-3-030-52581-1_15
M3 - Conference contribution
AN - SCOPUS:85088519570
SN - 9783030525804
T3 - Advances in Intelligent Systems and Computing
SP - 113
EP - 121
BT - Advances in Human Factors in Cybersecurity - AHFE 2020 Virtual Conference on Human Factors in Cybersecurity
A2 - Corradini, Isabella
A2 - Nardelli, Enrico
A2 - Ahram, Tareq
PB - Springer
T2 - AHFE Virtual Conference on Human Factors in Cybersecurity, 2020
Y2 - 16 July 2020 through 20 July 2020
ER -