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Value of data meets IT security – assessing IT security risks in data-driven value chains

Author

Listed:
  • Laura Bitomsky

    (University of Augsburg)

  • Olga Bürger

    (University of Bayreuth
    Project Group Business & Information Systems Engineering of the Fraunhofer FIT)

  • Björn Häckel

    (University of Applied Sciences Augsburg
    Project Group Business & Information Systems Engineering of the Fraunhofer FIT)

  • Jannick Töppel

    (University of Applied Sciences Augsburg
    Project Group Business & Information Systems Engineering of the Fraunhofer FIT)

Abstract

Digitalization forces manufacturing companies to shift towards customer-oriented, highly data-driven forms of value creation. This results in a changing IT security risk landscape as data becomes an attractive target for adversaries leading to an increasing number of attacks. In order to successfully protect data, it is essential that it is assessed in an integrated manner. Although IT security and data-based value creation have been studied by large research bodies, the existing literature fails to provide guidance on IT security risk analysis in data-based value chains. To contribute to the closure of this research gap, we propose a modeling approach which allocates different data types to value activities and analyses the data types in relation to the properties of relevant IT security risks. The evaluation, conducted with industry experts, reveals that it is not only a company’s primary assets that are of concern but also less important data types subject to significant levels of exposure that bear considerable IT security risks.

Suggested Citation

  • Laura Bitomsky & Olga Bürger & Björn Häckel & Jannick Töppel, 2020. "Value of data meets IT security – assessing IT security risks in data-driven value chains," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 589-605, September.
    • Handle: RePEc:spr:elmark:v:30:y:2020:i:3:d:10.1007_s12525-019-00383-6
    DOI: 10.1007/s12525-019-00383-6
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    Cited by:

    1. Sepideh Ebrahimi & Kamran Eshghi, 2022. "A meta-analysis of the factors influencing the impact of security breach announcements on stock returns of firms," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(4), pages 2357-2380, December.
    2. Rainer Alt, 2020. "Electronic Markets on business model development," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 405-411, September.
    3. Uddin, Mohammad Rajib & Akter, Shahriar & Lee, Wai Jin Thomas, 2024. "Developing a data breach protection capability framework in retailing," International Journal of Production Economics, Elsevier, vol. 271(C).

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    More about this item

    Keywords

    Data-driven value creation; Value of data; IT security; Data security; Risk assessment;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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