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Theoretical Approaches to Estimate the Information Security Risks

Author

Listed:
  • Cristina Stefanescu
  • Loredana Elena Comanescu
  • Ciprian Buhusi
  • George Adrian Bilcan

Abstract

The risk analysis aims to assess relationships between assets, threats, vulnerabilities and security measures to determine potential losses. However, tools for risk analysis should be thoroughly checked to meet the managerial decisions. This article presents the implications and challenges of using quantitative and qualitative methodologies for assessing information security risks for control. The results show that the quantitative information is expressed more easily understandable by people with marginal training in related areas of information technology.

Suggested Citation

  • Cristina Stefanescu & Loredana Elena Comanescu & Ciprian Buhusi & George Adrian Bilcan, 2019. "Theoretical Approaches to Estimate the Information Security Risks," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 120-125, September.
    • Handle: RePEc:khe:scajes:v:5:y:2019:i:3:p:120-125
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    More about this item

    Keywords

    Security risks; information security; managerial decisions;
    All these keywords.

    JEL classification:

    • H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions

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