Economic Model of an information security framework implementation for Colombian Organizations
DOI:
https://doi.org/10.15649/2346030X.3669Keywords:
model, economic, framework, investmentsAbstract
The limited understanding of how information security management impacts organizational economies hinders management's decision-making process regarding investments in security frameworks. This challenge, coupled with the increasing threats and vulnerabilities in computer systems, reinforces cybercrime and leads to substantial financial losses. While economic models incorporating cybersecurity variables have been developed, they do not fully evaluate the implementation of a specific security framework within a specific country's context. The proposed model aimed at economically justifying the implementation of a cybersecurity framework in Colombian organizations, thereby contributing to companies' strategic direction and economic growth. The model integrates a security framework released by the Colombian government with significant contributions from selected economic models in a systematic literature review. This integration results in a novel economic model that can be implemented across several kind of companies.
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