The Department of Homeland Security has awarded more than $1.27 million in grants to universities researching cybersecurity risk economics.
The grants — $1,045,015 to the University of California, San Diego, and $227,305 to the University of Chicago — were announced Friday as part of a DHS Science and Technology Directorate project to improve risk management and “value-based decision-making” in protecting data and critical infrastructure.
“Research in cyber risk economics is an important element in S&T’s cybersecurity portfolio,” William N. Bryan, senior official performing the duties of the under secretary for S&T, said in a statement.
Bryan said S&T hopes to improve cybersecurity practices by focusing on four key areas: investment in cybersecurity controls, the impact of investment on the severity of risks, whether there is correlation between investment and business performance, and incentives to optimize risk management in cybersecurity.
UC San Diego will reportedly spend its funding developing tools and techniques for measuring how valuable and reliable threat intelligence sources are to an organization. According to S&T, measuring a number of…
