Digital Asset Valuation And Cyber Risk Measurement

Book Description :

Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber ris ...

Book Description :

Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK Provides a case study on cyber insurance

Book Description :

Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization’s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy. Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders – managers, executives, and directors – with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts. Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level.

Book Description :

"The players, regulators, and stakeholders"--Cover.

Book Description :

Implement an Effective Security Metrics Project or Program IT Security Metrics provides a comprehensive approach to measuring risks, threats, operational activities, and the effectiveness of data protection in your organization. The book explains how to choose and design effective measurement strategies and addresses the data requirements of those strategies. The Security Process Management Framework is introduced and analytical strategies for security metrics data are discussed. You'll learn how to take a security metrics program and adapt it to a variety of organizational contexts to achieve continuous security improvement over time. Real-world examples of security measurement projects are included in this definitive guide. Define security metrics as a manageable amount of usable data Design effective security metrics Understand quantitative and qualitative data, data sources, and collection and normalization methods Implement a programmable approach to security using the Security Process Management Framework Analyze security metrics data using quantitative and qualitative methods Design a security measurement project for operational analysis of security metrics Measure security operations, compliance, cost and value, and people, organizations, and culture Manage groups of security measurement projects using the Security Improvement Program Apply organizational learning methods to security metrics

Book Description :

Many senior executives talk about information as one of their most important assets, but few behave as if it is. They report to the board on the health of their workforce, their financials, their customers, and their partnerships, but rarely the health of their information assets. Corporations typically exhibit greater discipline in tracking and accounting for their office furniture than their data. Infonomics is the theory, study, and discipline of asserting economic significance to information. It strives to apply both economic and asset management principles and practices to the valuation, handling, and deployment of information assets. This book specifically shows: CEOs and business leaders how to more fully wield information as a corporate asset CIOs how to improve the flow and accessibility of information CFOs how to help their organizations measure the actual and latent value in their information assets. More directly, this book is for the burgeoning force of chief data officers (CDOs) and other information and analytics leaders in their valiant struggle to help their organizations become more infosavvy. Author Douglas Laney has spent years researching and developing Infonomics and advising organizations on the infinite opportunities to monetize, manage, and measure information. This book delivers a set of new ideas, frameworks, evidence, and even approaches adapted from other disciplines on how to administer, wield, and understand the value of information. Infonomics can help organizations not only to better develop, sell, and market their offerings, but to transform their organizations altogether. "Doug Laney masterfully weaves together a collection of great examples with a solid framework to guide readers on how to gain competitive advantage through what he labels "the unruly asset" – data. The framework is comprehensive, the advice practical and the success stories global and across industries and applications." Liz Rowe, Chief Data Officer, State of New Jersey "A must read for anybody who wants to survive in a data centric world." Shaun Adams, Head of Data Science, Betterbathrooms.com "Phenomenal! An absolute must read for data practitioners, business leaders and technology strategists. Doug's lucid style has a set a new standard in providing intelligible material in the field of information economics. His passion and knowledge on the subject exudes thru his literature and inspires individuals like me." Ruchi Rajasekhar, Principal Data Architect, MISO Energy "I highly recommend Infonomics to all aspiring analytics leaders. Doug Laney’s work gives readers a deeper understanding of how and why information should be monetized and managed as an enterprise asset. Laney’s assertion that accounting should recognize information as a capital asset is quite convincing and one I agree with. Infonomics enjoyably echoes that sentiment!" Matt Green, independent business analytics consultant, Atlanta area "If you care about the digital economy, and you should, read this book." Tanya Shuckhart, Analyst Relations Lead, IRI Worldwide

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Download Library Trends book written by , available in PDF, EPUB, and Kindle, or read full book online anywhere and anytime. Compatible with any devices.

Book Description :

Security is a major consideration in the way that business and information technology systems are designed, built, operated, and managed. The need to be able to integrate security into those systems and the discussions with business functions and operations exists more than ever. This IBM® Redbooks® publication explores concerns that characterize security requirements of, and threats to, business and information technology (IT) systems. This book identifies many business drivers that illustrate these concerns, including managing risk and cost, and compliance to business policies and external regulations. This book shows how these drivers can be translated into capabilities and security needs that can be represented in frameworks, such as the IBM Security Blueprint, to better enable enterprise security. To help organizations with their security challenges, IBM created a bridge to address the communication gap between the business and technical perspectives of security to enable simplification of thought and process. The IBM Security Framework can help you translate the business view, and the IBM Security Blueprint describes the technology landscape view. Together, they can help bring together the experiences that we gained from working with many clients to build a comprehensive view of security capabilities and needs. This book is intended to be a valuable resource for business leaders, security officers, and consultants who want to understand and implement enterprise security by considering a set of core security capabilities and services.

Book Description :

Protect and Maximize Your Company's Digital Assets>P> Security is a critical concern for every company, organization, and institution, regardless of their size or activity. In this timely book, leading security and privacy expert Thomas J. Parenty demystifies computer and network security for non-technical managers-taking them beyond hackers, firewalls, and virus protection to outline a holistic approach to information security that promotes business growth. Drawing from more than twenty years of experience in the computer security and cryptography fields, Parenty introduces the "Trust Framework," a unique and straightforward approach to developing and implementing a corporate security process. The Trust Framework is based on two core principles: 1) every technology choice must be closely linked to a company's overall mission and specific business activities; and 2) a company needs to show its partners and customers why they should have trust in their electronic business transactions. Parenty guides managers in clearly articulating their specific business requirements, selecting the appropriate security technologies, and building an organizational environment that promotes and nurtures trust. An entirely new era of information security is underway-and it is changing the rules of business for every industry. Digital Defense guides managers in implementing security solutions that both protect their firms' current digital assets-and pave the way for future business innovation. " Digital Defense is an important book whose message is: Pay attention to information security! Tom Parenty offers a balanced and detailed assessment of why information security is such a critical priority and concisely lays out practical steps toward better protecting your assets. This book is compelling for the general reader and the IT specialist alike." -Karen Sutter, Director, Business Advisory Services, US-China Business Council " Digital Defense is an important book with a powerful message on information security issues. Non-technical executives, whose organizations are increasingly dependent on information systems, would do well to read this book." -Seymour E. Goodman, Professor, Georgia Institute of Technology "In this exceptionally well-written and readable book, Tom Parenty explains the need to tie security to business objectives and organizational missions. Unlike any other book in the market, Digital Defense guides readers through security valuation and introduces a trust framework companies can follow to ensure that organization and partner assets are protected." -Daryl F. Eckard, EDS Director, Security and Privacy Professional Services

Book Description :

This book provides professionals with the necessary managerial, technical, and legal background to support investment decisions in security technology. It discusses security from the perspective of hackers (i.e., technology issues and defenses) and lawyers (i.e., legal issues and defenses). This cross-disciplinary book is designed to help users quickly become current on what has become a fundamental business issue. This book covers the entire range of best security practices—obtaining senior management commitment, defining information security goals and policies, transforming those goals into a strategy for monitoring intrusions and compliance, and understanding legal implications. Topics also include computer crime, electronic evidence, cyber terrorism, and computer forensics. For professionals in information systems, financial accounting, human resources, health care, legal policy, and law. Because neither technical nor legal expertise is necessary to understand the concepts and issues presented, this book can be required reading for everyone as part of an enterprise-wide computer security awareness program.

Book Description :

What need is it addressing? How is the control of critical digital assets being addressed with regard to safety and security? What is a Digital Asset? Is your organization in a position to control the future benefits from its big data, subject also to evolving data privacy laws? Can your big data be separated and sold individually? This premium Digital asset self-assessment will make you the trusted Digital asset domain authority by revealing just what you need to know to be fluent and ready for any Digital asset challenge. How do I reduce the effort in the Digital asset work to be done to get problems solved? How can I ensure that plans of action include every Digital asset task and that every Digital asset outcome is in place? How will I save time investigating strategic and tactical options and ensuring Digital asset costs are low? How can I deliver tailored Digital asset advice instantly with structured going-forward plans? There's no better guide through these mind-expanding questions than acclaimed best-selling author Gerard Blokdyk. Blokdyk ensures all Digital asset essentials are covered, from every angle: the Digital asset self-assessment shows succinctly and clearly that what needs to be clarified to organize the required activities and processes so that Digital asset outcomes are achieved. Contains extensive criteria grounded in past and current successful projects and activities by experienced Digital asset practitioners. Their mastery, combined with the easy elegance of the self-assessment, provides its superior value to you in knowing how to ensure the outcome of any efforts in Digital asset are maximized with professional results. Your purchase includes access details to the Digital asset self-assessment dashboard download which gives you your dynamically prioritized projects-ready tool and shows you exactly what to do next. Your exclusive instant access details can be found in your book. You will receive the following contents with New and Updated specific criteria: - The latest quick edition of the book in PDF - The latest complete edition of the book in PDF, which criteria correspond to the criteria in... - The Self-Assessment Excel Dashboard - Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation - In-depth and specific Digital asset Checklists - Project management checklists and templates to assist with implementation INCLUDES LIFETIME SELF ASSESSMENT UPDATES Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

Book Description :

This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges.

Book Description :

“Reading this book is like having Jeff Bezos advise me.”—Eric Martinez, Founder and CEO of Modjoul The former Amazon executive who launched and scaled Amazon Marketplace delivers the ultimate playbook on how to “think like Amazon” and succeed in the digital age. “What would Jeff do?” Since leaving Amazon to advise start-ups and corporations, John Rossman has been asked this question countless times by executives who want to know “the secret” behind Amazon’s historic success. In this step-by-step guide, he provides 50 1⁄2 answers drawn from his experience as an Amazon executive—and shows today’s business leaders how to think like Amazon, strategize like Bezos, and beat the competition like nobody’s business. Learn how to: Move forward to get back to Day 1—and change the status quo. Use the “working backwards” innovation and problem-solving approach to lead the way. Become a platform company—with the right platform strategy. Create customer obsession—and grant your customers superpowers. Experiment, fail, rinse, and repeat. Decentralize your way to digital greatness. Master the magic of small autonomous teams. Avoid the trap of past positions. Make better and faster decisions. Use metrics to create a culture of accountability and innovation Use AI and the Internet of Things to reinvent customer experiences. In addition to these targeted strategies, you’ll receive a rare inside glimpse into how Jeff Bezos and Amazon take a remarkably consistent approach to innovate, explore new markets, and spark new growth. You’ll understand the unique mindset and inner workings that drive Amazon’s operational excellence, from its ground-up approach to new digital markets to its out-of-the-box attitudes on innovation. Along the way, you’ll learn specific game-changing strategies that made Amazon stand out in a crowded digital world. These include actionable ideas that you can use to transform your culture, expand your business into digital, and become the kind of platform company that customers obsess over. Rossman also offers invaluable insights into the latest technologies, e-commerce marketing, online culture, and IoT disruptions that only an Amazon insider would know. If you want to compete and win in the digital era, you have to Think Like Amazon.

Book Description :

The cost and frequency of cybersecurity incidents are on the rise, is your enterprise keeping pace? The numbers of threats, risk scenarios and vulnerabilities have grown exponentially. Cybersecurity has evolved as a new field of interest, gaining political and societal attention. Given this magnitude, the future tasks and responsibilities associated with cybersecurity will be essential to organizational survival and profitability. This publication applies the COBIT 5 framework and its component publications to transforming cybersecurity in a systemic way. First, the impacts of cybercrime and cyberwarfare on business and society are illustrated and put in context. This section shows the rise in cost and frequency of security incidents, including APT attacks and other threats with a critical impact and high intensity. Second, the transformation addresses security governance, security management and security assurance. In accordance with the lens concept within COBIT 5, these sections cover all elements of the systemic transformation and cybersecurity improvements.

Book Description :

Learn to stop digital espionage-before it happens!Manage your way to security in an increasingly interconnected world. Network data has become increasingly valuable in today's public and private sectors, as has become painfully clear to those in Fortune 500 companies and to those in top branches of government who store information digitally. But exactly how safe is the informaton that is accessible from a network?According to the expert authors of Defending Your Digital Assets Against Hackers, Crackers, Spies & Thieves and RSA Security, the most trusted name in e-security, NO data is safe. In fact, digital espionage, theft and destruction occur every day, and most attacks go undetected until it is too late. This groundbreaking new work discusses the growing vulnerabilities due to interconnectivity and the importance of protecting digital information. It offers detailed explanations of how and why attacks in progress, and quickly recover business operations. This is the first title from RSA Press, the new publishing group from RSA Security. RSA Security helps organizations build secure, trusted foundations for e-business through its two-factor authentication, encryption and public key management systems.

Book Description :

Collection of selected, peer reviewed papers from the 2013 3rd International Conference on Materials Science and Information Technology (MSIT 2013), September 14-15, 2013, Nanjing, Jiangsu, China. The 958 papers are grouped as follows: Chapter 1: Materials Science and Engineering; Chapter 2: Mechatronics, Control, Testing, Measurement, Instrumentation, Detection and Monitoring Technologies; Chapter 3: Communication, Computer Engineering and Information Technologies; Chapter 4: Data Processing and Applied Computational Methods and Algorithms; Chapter 5: Power Systems and Electronics, Microelectronics and Embedded, Integrated Systems, Electric Applications; Chapter 6: Manufacturing, Industry Development and Automation.

Book Description :

Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk.

Book Description :

The past decade has seen a dramatic increase in the amount and variety of information that is generated and stored electronically by business enterprises. Storing this increased volume of information has not been a problem to date, but as these information stores grow larger and larger, multiple challenges arise for senior management: namely, questions such as "How much is our data worth?" "Are we storing our data in the most cost-effective way?" "Are we managing our data effectively and efficiently?" "Do we know which data is most important?" "Are we extracting business insight from the right data?" "Are our data adding to the value of our business?" "Are our data a liability?" "What is the potential for monetizing our data?" and "Do we have an appropriate risk management plan in place to protect our data?" To answer these value-based questions, data must be treated with the same rigor and discipline as other tangible and intangible assets. In other words, corporate data should be treated as a potential asset and should have its own asset valuation methodology that is accepted by the business community, the accounting and valuation community, and other important stakeholder groups. Valuing Data: An Open Framework is a first step in that direction. Its purpose is to: Provide the reader with some background on the nature of data Present the common categories of business data Explain the importance of data management Report the current thinking on data valuation Offer some business reasons to value data Present an "open framework"—along with some proposed methods—for valuing data The book does not aim to prescribe exactly how data should be valued monetarily, but rather it is a "starting point" for a discussion of data valuation with the objective of developing a stakeholder consensus, which, in turn, will become accepted standards and practices.

Book Description :

Explores how the financial industry will be affected by developments in blockchain and cryptocurrencies at the dawn of a new digital age in finance Our financial system is in the midst of a digital revolution. Blockchain, viewed by many experts as “the most important invention since the Internet,” has changed the way we exchange value and information. Although most people are aware of Bitcoin and other cryptocurrencies, few understand how security tokens—digitized forms of traditional ownership certificates—can drive blockchain to reach its fullest potential by offering investors features and innovations that are simply not possible with paper certificates. Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain explains how the integration of blockchain and security token technology will transform the current financial infrastructure and radically improve efficiency, transparency, and security. Using clear language and an easy-to-follow framework, author Baxter Hines draws upon his decades’ experience in the financial industry to address how the digitization of assets will drive cost reductions, enhance flexibility, and pave the way for new business models and revenue streams for years to come. Filled with real-world case studies and expert insights on the latest opportunities and trends, such as the COVID-19 pandemic’s role in accelerating the adoption of blockchain, this must-have resource: Shows how blockchain and distributed ledger technology are disrupting the financial industry Explains what security tokens are and why they are the next major breakthrough for investing Highlights how blockchain technology has created new and more efficient ways of fund raising and investing Identifies the ways companies like IBM, Fidelity Investments, and AXA are deploying blockchain and tokenized solutions Describes how assets only available to institutional investors could become marketed to the mainstream Discusses the impact that security tokens will have on real assets such as stocks, real estate, bonds, and derivatives Provides insight into how central banks around the world are embracing blockchain and beginning to issue digital currencies Digital Finance: Security Tokens and Unlocking the Real Potential of Blockchain is essential reading for financial professionals, general investors, finance and technology students, regulators, legal professionals, and users of cryptocurrency and blockchain technology.

Book Description :

The importance of demonstrating the value achieved from IT investments is long established in the Computer Science (CS) and Information Systems (IS) literature. However, emerging technologies such as the ever-changing complex area of cloud computing present new challenges and opportunities for demonstrating how IT investments lead to business value. Recent reviews of extant literature highlights the need for multi-disciplinary research. This research should explore and further develops the conceptualization of value in cloud computing research. In addition, there is a need for research which investigates how IT value manifests itself across the chain of service provision and in inter-organizational scenarios. This open access book will review the state of the art from an IS, Computer Science and Accounting perspective, will introduce and discuss the main techniques for measuring business value for cloud computing in a variety of scenarios, and illustrate these with mini-case studies.