Employing Graphical Risk Models to Facilitate Cyber-Risk Monitoring - the WISER Approach

We present a method for developing machine-readable cyber-risk assessment algorithms based on graphical risk models, along with a framework that can automatically collect the input, execute the algorithms, and present the assessment results to a decision maker. This facilitates continuous monitoring of cyber-risk. The intended users of the method are professionals and practitioners interested in developing new algorithms for a specific organization, system or attack type, such as consultants or dedicated cyber-risk experts in larger organizations. For the assessment results, the intended users are decision makers in charge of countermeasure selection from an overall business perspective.