IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-981-95-3865-2_8.html
   My bibliography  Save this book chapter

Finance

In: Cybersecurity Governance

Author

Listed:
  • Kok Boon Oh

    (eGalaxy Solutions Pty Ltd)

  • Giang Hoang

    (Monash University)

  • John Sturdy

    (Texila College Australia)

  • Sarah Shuaiqi Guo

    (SERVTAC Chartered Accountant, Melbourne)

Abstract

This chapter addresses the financial governance of cybersecurity within the broader ERM framework. In the current business environment, corporate activities are becoming more digital. As a result, cyber hazards are more rampant as firms become common targets for cyberattacks, resulting in significant financial losses, reputational harm, and legal liability. The process of allocating economic resources and determining expenditure priorities to support the successful adoption and upkeep of cybersecurity measures within an organization entails figuring out the extent of the risk exposure and how much money is needed to safeguard the organization’s networks, business systems, and data from online threats. Relevant governance factors addressed in cybersecurity financial management include valuation, investment, and budgeting. The presence of a well-designed cybersecurity financial governance as a tool underpinning the evaluation and ranking of cyber threats and prioritizing investments is crucial to taking cyber threats into account.

Suggested Citation

  • Kok Boon Oh & Giang Hoang & John Sturdy & Sarah Shuaiqi Guo, 2025. "Finance," Springer Books, in: Cybersecurity Governance, chapter 8, pages 167-189, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-3865-2_8
    DOI: 10.1007/978-981-95-3865-2_8
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-981-95-3865-2_8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.