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Managing the uncertainties of cybersecurity

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Abstract

Companies and organizations need, more than ever, to control their digitalization efforts. This is due to the increasing importance of digitalization to their business models and due to the increased IT spend levels. In the current threat landscape, digitalization can also lead to significant operational risk events. Managing these events requires an approach that incorporates the growing uncertainty in the probability and impact of these events. This article highlights how corporate and information security executives can improve the way they communicate with each other in order to manage these events.

Suggested Citation

  • Dekker, Martijn, 2023. "Managing the uncertainties of cybersecurity," Journal of Financial Transformation, Capco Institute, vol. 57, pages 8-13.
    • Handle: RePEc:ris:jofitr:1695
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    More about this item

    Keywords

    uncertainty; cybersecurity; decision making;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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