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Contagion in cyber security attacks

Author

Listed:
  • Adrian Baldwin

    (HP Labs)

  • Iffat Gheyas

    (Birmingham City University)

  • Christos Ioannidis

    (University of Bath)

  • David Pym

    (University College London)

  • Julian Williams

    (University of Durham)

Abstract

Systems security is essential for the efficient operation of all organizations. Indeed, most large firms employ a designated ‘Chief Information Security Officer’ to coordinate the operational aspects of the organization’s information security. Part of this role is in planning investment responses to information security threats against the firm’s corporate network infrastructure. To this end, we develop and estimate a vector equation system of threats to 10 important IP services, using industry standard SANS data on threats to various components of a firm’s information system over the period January 2003 – February 2011. Our results reveal strong evidence of contagion between such attacks, with attacks on ssh and Secure Web Server indicating increased attack activity on other ports. Security managers who ignore such contagious inter-relationships may underestimate the underlying risk to their systems’ defence of security attributes, such as sensitivity and criticality, and thus delay appropriate information security investments.

Suggested Citation

  • Adrian Baldwin & Iffat Gheyas & Christos Ioannidis & David Pym & Julian Williams, 2017. "Contagion in cyber security attacks," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 68(7), pages 780-791, July.
  • Handle: RePEc:pal:jorsoc:v:68:y:2017:i:7:d:10.1057_jors.2016.37
    DOI: 10.1057/jors.2016.37
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    References listed on IDEAS

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    1. repec:hal:journl:peer-00815564 is not listed on IDEAS
    2. Barndorff-Nielsen, Ole E. & Hansen, Peter Reinhard & Lunde, Asger & Shephard, Neil, 2011. "Multivariate realised kernels: Consistent positive semi-definite estimators of the covariation of equity prices with noise and non-synchronous trading," Journal of Econometrics, Elsevier, vol. 162(2), pages 149-169, June.
    3. Aït-Sahalia, Yacine & Cacho-Diaz, Julio & Laeven, Roger J.A., 2015. "Modeling financial contagion using mutually exciting jump processes," Journal of Financial Economics, Elsevier, vol. 117(3), pages 585-606.
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    Cited by:

    1. Aldasoro, Iñaki & Gambacorta, Leonardo & Giudici, Paolo & Leach, Thomas, 2022. "The drivers of cyber risk," Journal of Financial Stability, Elsevier, vol. 60(C).
    2. Hillairet, Caroline & Réveillac, Anthony & Rosenbaum, Mathieu, 2023. "An expansion formula for Hawkes processes and application to cyber-insurance derivatives," Stochastic Processes and their Applications, Elsevier, vol. 160(C), pages 89-119.
    3. Juntao Chen & Quanyan Zhu & Tamer Başar, 2021. "Dynamic Contract Design for Systemic Cyber Risk Management of Interdependent Enterprise Networks," Dynamic Games and Applications, Springer, vol. 11(2), pages 294-325, June.
    4. Ioannidis, Christos & Pym, David & Williams, Julian & Gheyas, Iffat, 2019. "Resilience in information stewardship," European Journal of Operational Research, Elsevier, vol. 274(2), pages 638-653.
    5. Cheng, Chunli & Hilpert, Christian & Miri Lavasani, Aidin & Schaefer, Mick, 2023. "Surrender contagion in life insurance," European Journal of Operational Research, Elsevier, vol. 305(3), pages 1465-1479.
    6. Dacorogna, Michel & Debbabi, Nehla & Kratz, Marie, 2023. "Building up cyber resilience by better grasping cyber risk via a new algorithm for modelling heavy-tailed data," European Journal of Operational Research, Elsevier, vol. 311(2), pages 708-729.

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