NDLI: A Real Options Pricing Framework for Valuation of Security Professionals

Content Provider	IEEE Xplore Digital Library
Author	Jun Wang Hongyu Guo
Copyright Year	2014
Description	Author affiliation: Sch. of Economist & Bus., Northeastern Univ. at Qinhuangdao, Qinhuangdao, China (Jun Wang) \|\| Comput. Manage. Center, Heilongjiang Province Fiber Inst., Harbin, China (Hongyu Guo)
Abstract	Many organizations have to invest necessarily security technologies and facilities to defense malicious attacks. However, those security technology facilities will not be effective to mitigate damages without the security professionals to operate them correctly. Demonstrating security professional' value in these areas will, therefore, be crucial. In this paper, we analyze professionals of security as human resources investments using the real options approach, and develop a framework for determining the financial value of information security professionals to prospective protecting organizations assets. The pricing framework gains an understanding of how information security professionals to create value and reveal the optimal investments critical point. The pricing of security professionals is based on a fraction of diminished future malicious attacks to prospective protecting organizations assets. It can help organization decide the timing of the investment, i.e., Decide to purchase or develop security technology facilities and to recruit security professionals now or later.
Starting Page	514
Ending Page	518
File Size	312780
Page Count	5
File Format	PDF
e-ISBN	9781479953721
DOI	10.1109/CSO.2014.101
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2014-07-04
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Standards organizations Information security Organizations information security investment Mathematical model option pricing security professionals's business value Investment
Content Type	Text
Resource Type	Article

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