Asset Valuation Method for Dependent Entities

Jakub Breier

 

Physical Analysis and Cryptographic Engineering,

Temasek Laboratories@NTU

School of Physical and Mathematical Sciences, Division of Mathematical

Sciences, Nanyang Technological University, Singapore

jbreier@ntu.edu.sg 

 

 

Abstract

Asset analysis and valuation are important parts of the information security risk management. Outputs they produce are used in the process of risk analysis that plays a key role in securing organization’s business processes. A correct analysis and valuation of assets should reveal not only their importance for the organization, but also their relationships and dependencies between each other. There is a lack of works considering asset dependencies for the risk management purposes, this part is usually left for a subjective perception of a risk analyst, who should adjust the risk values in the end. In our work we propose a systematic approach for including asset dependencies in the asset valuation process. We inspect the relations between assets from the common security attributes point of view - confidentiality, integrity and availability. Our method should help to formalize the problem with dependent entities in the organization’s model.

Keywords: information security risk management, risk analysis, asset valuation, asset dependencies

Journal of Internet Services and Information Security (JISIS), 4(3): 72-81, August 2014 [pdf]