@inproceedings{47eb890b8c6544f7b2b55eaee9744565,
title = "Economic Prospect Theory Applied to Cybersecurity",
abstract = "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.",
keywords = "Cyberattacker, Cyberdefender, Cybersecurity, Kahneman-Tversky, Prospect theory",
author = "Wayne Patterson and Marton Gergely",
note = "Publisher Copyright: {\textcopyright} 2020, The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG.; AHFE Virtual Conference on Human Factors in Cybersecurity, 2020 ; Conference date: 16-07-2020 Through 20-07-2020",
year = "2020",
doi = "10.1007/978-3-030-52581-1\_15",
language = "English",
isbn = "9783030525804",
series = "Advances in Intelligent Systems and Computing",
publisher = "Springer",
pages = "113--121",
editor = "Isabella Corradini and Enrico Nardelli and Tareq Ahram",
booktitle = "Advances in Human Factors in Cybersecurity - AHFE 2020 Virtual Conference on Human Factors in Cybersecurity",
}