Abstract
In the last years there have been a scholars increasing interest in cybersecurity
risk measurement, data security, and privacy protection. Since quantitative
loss data are rarely available, we deal with ordinal data representing experts’ evaluation
of the severity of the attacks. Due to the ordinal nature of the available data,
it turns natural to rely on cumulative link models that allows us to express the cumulative
probabilities associated with the different severity levels as a non linear
function of a suitable set of explanatory variables. We evaluate the effect of each
explanatory categorical variable on the risk level using the Average Marginal Effect.
We apply our model to a real data set that includes information on serious cyber
attacks occurred worldwide in 2018.
Original language | English |
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Title of host publication | Smart Statistics for Smart Applications Book of Short Paper SIS 2019 |
Pages | 305-311 |
Number of pages | 7 |
Publication status | Published - 2019 |
Keywords
- Average Marginal Effect
- cyber risk
- ordered response models
- ordinal variables