Special Session 87: Large Population Optimization, Stochastic Filtering and Mathematical Finance

Cyber Risk Management Through Investment in Cybersecurity Technology

Zhuo Jin
Macquarie University
Australia
Co-Author(s):    Jiannan Zhang, Sizhe Chen, Hailiang Yang
Abstract:
Investment in cybersecurity measures has become a significant aspect of our modern society, with the cost of cybersecurity technology fluctuating due to technological innovations and changes in market dynamics. In this paper, we investigate the optimal timing for a company to invest in cybersecurity technology to reduce cyberattack losses.