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An Inroduction to Computer security and Risk analysis

Information Security
Age-old concept
Consists of 4 basic parts -
Availability: Accessibility of information for a purpose.
Integrity: Completeness, wholeness, and readability of information, and the quality of being unchanged from a baseline state.
Authenticity: Validity, conformance, and genuineness of information.
Confidentiality: Limited observation and disclosure of knowledge only to authorized individuals.
Technological advances both help and hinder its progress. 
 Computer Security
Where does computer security come in?
It is just a new dimension of information security albeit a dynamic one.
Brought into force by the rapid and extensive diffusion of digital computing and networking technologies
Growth in the volume of valuable information
At the same time, avenues by which it may be compromised have increased many-fold. 
Interpretations
 
Computer security in terms of information security basics:
Availability: Database Server up at all times. Denial of service attacks.
Integrity: ?
Authenticity: Man-in-middle attacks.
Confidentiality: Password and other methods of Authentication.
Tradeoff – Usability vs Security
Capability for managing, processing, and communicating information has increased.
Securing these technologies and the information is difficult and expensive.
Costs involved –
planning, designing, and implementing safeguards,
participation of everyone in the organization.
The second cost limits the freedom to use the technology to its fullest extent.
Fundamental tension between security and usability:
Security requires that information and access to it be tightly controlled
Advantage of the information technologies is their ability to enable the free flow of information.
In competitive industries, usability is a priority over security.
 
Problems of Security
Good statistics on computer-related crime are rare.
Management has to be convinced to spend actual resources to address hypothetical losses.
Security initiatives are of uncertain and poorly quantified benefit, resulting in
Reduce computer usability and worker productivity.
Not providing any tangible benefits.
Address the issue of computer security gurus.
Computer security risks, like other fields, requires -
Managing an open and rational process.
Increase dependence on quantified costs and benefits.
Definition of Risk
 
A formal risk framework - useful tool for decomposing the problem of risk management.
Risks are assessed by
evaluating preferences,
estimating consequences of undesirable events,
predicting the likelihood of such events, and
weighing the merits of different courses of action.
Risk = {(L1, O1), . . . , (Li, Oi), . . . , (Ln, On)}
an ordered pair of outcomes and likelihoods.
Li’s are the likelihoods of the outcomes Oi’s.
Risk Management
A policy process wherein
Alternative strategies for dealing with risk are weighed and
Decisions about acceptable risks are made.
Policy options have varying effects on risk, including
reduction,
removal, or
reallocation
An acceptable level of risk is determined and a strategy for achieving that level of risk is adopted.
Decision-making process involves
Cost-benefit calculations,
Assessments of risk tolerance, and Quantification of preferences.