Publication:
A Monte-Carlo Analysis of Monetary Impact of Mega Data Breaches

dc.contributor.authorCanan, Mustafa
dc.contributor.authorPoyraz, Omer Ilker
dc.contributor.authorAkil, Anthony
dc.contributor.corporateNaval Postgraduate School (U.S.)
dc.contributor.departmentInformation Sciences (IS)en_US
dc.contributor.departmentEngineering Management
dc.contributor.departmentSystems Engineering
dc.date.accessioned2021-10-18T22:07:47Z
dc.date.available2021-10-18T22:07:47Z
dc.date.issued2021
dc.description17 USC 105 interim-entered record; under temporary embargo.en_US
dc.description.abstractThe monetary impact of mega data breaches has been a significant concern for enterprises. The study of data breach risk assessment is a necessity for organizations to have effective cybersecurity risk management. Due to the lack of available data, it is not easy to obtain a comprehensive understanding of the interactions among factors that affect the cost of mega data breaches. The Monte Carlo analysis results were used to explicate the interactions among independent variables and emerging patterns in the variation of the total data breach cost. The findings of this study are as follows: The total data breach cost varies significantly with personally identifiable information (PII) and sensitive personally identifiable information (SPII) with unique patterns. Second, SPII must be a separate independent variable. Third, the multilevel factorial interactions between SPII and the other independent variables elucidate subtle patterns in the total data breach cost variation. Fourth, class action lawsuit (CAL) categorical variables regulate the variation in the total data breach cost.en_US
dc.description.funderU.S. Government affiliation is unstated in article text.en_US
dc.format.extent24 p.en_US
dc.identifier.citationCanan, Mustafa, Omer Ilker Poyraz, and Anthony Akil. "A Monte-Carlo Analysis of Monetary Impact of Mega Data Breaches." International Journal of Cyber Warfare and Terrorism (IJCWT) 11.3 (2021): 58-81.
dc.identifier.urihttps://hdl.handle.net/10945/68013
dc.publisherIGI Globalen_US
dc.subject.authorCyber Attacksen_US
dc.subject.authorData Breachen_US
dc.subject.authorEconomics of Cybersecurityen_US
dc.subject.authorInformationen_US
dc.subject.authorMonte Carloen_US
dc.subject.authorPersonal Informationen_US
dc.subject.authorPIIen_US
dc.titleA Monte-Carlo Analysis of Monetary Impact of Mega Data Breachesen_US
dc.typeArticleen_US
dspace.entity.typePublication
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