The increasing digitalization and the ubiquitous availability and use of Internet-based services have altered the economic environment, the daily life of individuals and society as a whole. Meanwhile, vulnerability increases and many companies and users are worried about their safety and privacy. To reduce the probability of unpleasant incidents better technical solutions are constantly being developed. However, for further distribution it is crucial these solutions are designed both in a user-friendly and cost-effective manner. CYSEC addresses the issue of IT security from an economic perspective, from both the user's and provider's perspective.
The user’s perspective is summarized by the privacy paradox. This paradox states that although there is a need for privacy and security, users still behave imprudently. Mathematical modeling of IT security risks aims to quantify levels of risk and to derive recommendations for or against the use of alternative security technologies. In this context, most often a technology-driven objective is targeted, i.e. to establish the highest possible level of security. The Nobel Prize winner in Economics, Herbert Simon, commented on such efforts by stating “perfect is the enemy of perfectly good enough.”
From the provider’s perpective there is a need to determine the benefits of investments in higher IT security thus creating a competitive advantage for the supplier. We aim to develop security solutions that will be accepted by users. User goals and requirements must be the core of the design process and an interdisciplinary approach is essential
Another exciting topic at the Profil Topic is researching is the profitability of the use of AI algorithms to combat cyberattacks.