Belief-based risk analysis

  • Authors:
  • Audun Jøsang;Daniel Bradley;Svein J. Knapskog

  • Affiliations:
  • Distributed Systems Technology Centre, UQ, Australia;Securizance, Brisbane, Australia;Norwegian University of Science and Technology, Trondheim, Norway

  • Venue:
  • ACSW Frontiers '04 Proceedings of the second workshop on Australasian information security, Data Mining and Web Intelligence, and Software Internationalisation - Volume 32
  • Year:
  • 2004

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Abstract

This paper describes a method for risk analysis based on the approach used in CRAMM, but instead of using discrete measures for threats and vulnerabilities and look-up tables to derive levels of risk, it uses subjective beliefs about threats and vulnerabilities as input parameters, and uses the belief calculus of subjective logic to combine them. Belief calculus has the advantage that uncertainty about threat and vulnerability estimates can be taken into consideration, and thereby reflecting more realistically the nature of such estimates. As a result, the computed risk assessments will better reflect the real uncertainties associated with those risks.