Muriel Figueredo Franco

CR
h-index16
4papers
28citations
Novelty39%
AI Score24

4 Papers

2.3CRJul 20, 2023
RCVaR: an Economic Approach to Estimate Cyberattacks Costs using Data from Industry Reports

Muriel Figueredo Franco, Fabian Künzler, Jan von der Assen et al.

Digitization increases business opportunities and the risk of companies being victims of devastating cyberattacks. Therefore, managing risk exposure and cybersecurity strategies is essential for digitized companies that want to survive in competitive markets. However, understanding company-specific risks and quantifying their associated costs is not trivial. Current approaches fail to provide individualized and quantitative monetary estimations of cybersecurity impacts. Due to limited resources and technical expertise, SMEs and even large companies are affected and struggle to quantify their cyberattack exposure. Therefore, novel approaches must be placed to support the understanding of the financial loss due to cyberattacks. This article introduces the Real Cyber Value at Risk (RCVaR), an economical approach for estimating cybersecurity costs using real-world information from public cybersecurity reports. RCVaR identifies the most significant cyber risk factors from various sources and combines their quantitative results to estimate specific cyberattacks costs for companies. Furthermore, RCVaR extends current methods to achieve cost and risk estimations based on historical real-world data instead of only probability-based simulations. The evaluation of the approach on unseen data shows the accuracy and efficiency of the RCVaR in predicting and managing cyber risks. Thus, it shows that the RCVaR is a valuable addition to cybersecurity planning and risk management processes.

2.3CRApr 16, 2023
SECAdvisor: a Tool for Cybersecurity Planning using Economic Models

Muriel Figueredo Franco, Christian Omlin, Oliver Kamer et al.

Cybersecurity planning is challenging for digitized companies that want adequate protection without overspending money. Currently, the lack of investments and perverse economic incentives are the root cause of cyberattacks, which results in several economic impacts on companies worldwide. Therefore, cybersecurity planning has to consider technical and economic dimensions to help companies achieve a better cybersecurity strategy. This article introduces SECAdvisor, a tool to support cybersecurity planning using economic models. SECAdvisor allows to (a) understand the risks and valuation of different businesses' information, (b) calculate the optimal investment in cybersecurity for a company, (c) receive a recommendation of protections based on the budget available and demands, and (d) compare protection solutions in terms of cost-efficiency. Furthermore, evaluations on usability and real-world training activities performed using SECAdvisor are discussed.

8.8CRApr 19, 2020Code
WeTrace -- A Privacy-preserving Mobile COVID-19 Tracing Approach and Application

A. De Carli, M. Franco, A. Gassmann et al.

For the protection of people and society against harm and health threats -- especially for the COVID-19 pandemic -- a variety of different disciplines needs to be involved. The data collection of very basic and health-related data of individuals in today's highly mobile society does help to plan, protect, and identify next steps health authorities and governments can, shall, or need to plan for or even implement. Thus, every individual, every human, and every inhabitant of the world is the key player -- very different to many past crises'. And since the individual is involved -- all individuals -- his/her (a) health and (b) privacy shall be considered in a very carefully crafted balance, not overruling one aspect with another one or even prioritizing certain aspects. Privacy remains the key. Thus, the solution of the current pandemic's data collection can be based on a fully privacy-preserving application, which can be used by individuals on their mobile devices, such as smartphones, while maintaining at the same time their privacy. Additionally, respective data collected in such a fully distributed setting does help to confine the pandemic and can be achieved in a democratic and very open, but still and especially privacy-protecting world. Therefore, the WeTrace approach and application as described in this paper utilizes the Bluetooth Low Energy (BTE) communication channel, many modern mobile devices offer, where asymmetric cryptography is being applied to allows for the decyphering of a message for that destination it had been intended for. Since literally every other potential participant only listens to random data, even a brute force attack will not succeed. WeTrace and its Open Source implementation is the only known approach so far, which ensures that any receiver of a message knows that this is for him/her, but does not know who the original sender was.

2.9CRAug 22, 2020
Proverum: A Hybrid Public Verifiability and Decentralized Identity Management

Christian Killer, Lucas Thorbecke, Bruno Rodrigues et al.

Trust in electoral processes is fundamental for democracies. Further, the identity management of citizen data is crucial, because final tallies cannot be guaranteed without the assurance that every final vote was cast by an eligible voter. In order to establish a basis for a hybrid public verifiability of voting, this work (1) introduces Proverum, an approach combining a private environment based on private permissioned Distributed Ledgers with a public environment based on public Blockchains, (2) describes the application of the Proverum architecture to the Swiss Remote Postal Voting system, mitigating threats present in the current system, and (3) addresses successfully the decentralized identity management in a federalistic state.