Decision-Making Frameworks for Network Resilience -- Managing and Mitigating Systemic (Cyber) Risk
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arXiv
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| Main Authors: | , |
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| Format: | Preprint |
| Published: |
2023
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| _version_ | 1866917815088316416 |
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| author | Svindland, Gregor Voß, Alexander |
| author_facet | Svindland, Gregor Voß, Alexander |
| contents | We introduce a decision-making framework tailored for the management of systemic risk in networks. This framework is constructed upon three fundamental components: (1) a set of acceptable network configurations, (2) a set of interventions aimed at risk mitigation, and (3) a cost function quantifying the expenses associated with these interventions. While our discussion primarily revolves around the management of systemic cyber risks in digital networks, we concurrently draw parallels to risk management of other complex systems where analogous approaches may be adequate. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2312_13884 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | Decision-Making Frameworks for Network Resilience -- Managing and Mitigating Systemic (Cyber) Risk Svindland, Gregor Voß, Alexander Risk Management Cryptography and Security Discrete Mathematics Networking and Internet Architecture Systems and Control 05C82, 05C90, 90B18, 91B05, 91G45, 93B70 We introduce a decision-making framework tailored for the management of systemic risk in networks. This framework is constructed upon three fundamental components: (1) a set of acceptable network configurations, (2) a set of interventions aimed at risk mitigation, and (3) a cost function quantifying the expenses associated with these interventions. While our discussion primarily revolves around the management of systemic cyber risks in digital networks, we concurrently draw parallels to risk management of other complex systems where analogous approaches may be adequate. |
| title | Decision-Making Frameworks for Network Resilience -- Managing and Mitigating Systemic (Cyber) Risk |
| topic | Risk Management Cryptography and Security Discrete Mathematics Networking and Internet Architecture Systems and Control 05C82, 05C90, 90B18, 91B05, 91G45, 93B70 |
| url | https://arxiv.org/abs/2312.13884 |