Vencore collaborates with George Mason University to measure risk-reward of government cyber investments
Chantilly, VA-based Vencore, Inc. announced on June 1 that it will collaborate with the George Mason University School of Business to develop a pragmatic and deployable cyber risk assessment methodology and tool. The goal of this work will be to assist federal agencies in analyzing the value of information that is susceptible to cyber intrusions and determining investments targeted at thwarting cyberattacks.
During this collaboration effort, Vencore and George Mason will work through several phases, including the design of a high-level data valuation architecture that is applicable to many federal agencies and the development of models that use this architecture to calculate potential monetary damages.
“This project will provide insight into the questions that occur after every cyberattack about the enormous financial and other impacts,” said Mac Curtis, president and chief executive officer of Vencore. “It is currently difficult to measure the amount of damage that cyber terrorism causes. This unprecedented work will help us and our clients accurately assess potential losses, so that the attack prevention and protection investments are more obvious and justifiable.”
“The topic of valuation is important in multiple fields of business and our research team from the Information Systems and Operations Management Department is uniquely positioned to bring expertise in the valuation of data as an asset to this program,” added Sarah Nutter, the dean of George Mason’s School of Business.
Vencore will develop the solution’s interface, while George Mason will research current processes and develop the inputs/outputs, projected models, algorithms, references, and standards. The joint collaboration effort has begun and will be completed by the beginning of August this year.