Firms` Strategic Decisions: Theoretical and Empirical Findings

Volume: 2

Evaluation of Financial Losses Suffered by Enterprises due to Information System Accidents

Author(s): Sergii Kavun, Vyacheslav V. Kalashnikov, Nataliya Kalashnykova and Olexandr Cherevko

Pp: 239-261 (23)

DOI: 10.2174/9781681082530116020012

* (Excluding Mailing and Handling)


We develop a method to evaluate financial losses of enterprises caused by breaks of information security systems. The method can be used to estimate the losses as a result of the information system’s accidents (for example, computer attacks or unauthorized intrusions). In addition, this method can evaluate the risk level of any enterprise. As an illustration, a practical example of estimating financial losses based upon a real-life case is presented. Some results of dynamic changes of variables involved in the method are also shown.

Keywords: Computer attacks, enterprise, estimation, financial losses, hacker attacks, information security systems, information system accidents, negative impacts, risks, unauthorized intrusions.

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