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STORM-RM: a collaborative and multicriteria risk management methodology

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  • Theodoros Ntouskas
  • Nineta Polemi

Abstract

Risk management (RM) is a necessary process in order to identify, categorise and handle security threats, vulnerabilities and risks of information and communication systems (ICS). Existing RM methodologies for the implementation of standards impose various barriers (e.g., limitation in knowledge gathering, time and resources consumption, and cost) which make them unable to meet the growing needs of the current distributed and complex ICS and their hosting critical data and services. Identifying these weaknesses, we treat RM as a multi-criteria problem and we propose a multi-criteria group decision making methodology STORM-RM for its solution combining the analytic hierarchy process (AHP) with security management standards (ISO27001 and AS/NZS 4360).

Suggested Citation

  • Theodoros Ntouskas & Nineta Polemi, 2012. "STORM-RM: a collaborative and multicriteria risk management methodology," International Journal of Multicriteria Decision Making, Inderscience Enterprises Ltd, vol. 2(2), pages 159-177.
    • Handle: RePEc:ids:ijmcdm:v:2:y:2012:i:2:p:159-177
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    Cited by:

    1. Przybyła-Kasperek, Małgorzata & Wakulicz-Deja, Alicja, 2016. "The strength of coalition in a dispersed decision support system with negotiations," European Journal of Operational Research, Elsevier, vol. 252(3), pages 947-968.
    2. Athanasios Spyridakos & Denis Yannacopoulos, 2015. "Incorporating collective functions to multicriteria disaggregation–aggregation approaches for small group decision making," Annals of Operations Research, Springer, vol. 227(1), pages 119-136, April.

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