Unlocking the Gordon-Loeb Model: How to Do Cost Analysis
Introduction The Gordon-Loeb Model—a mathematically-driven framework that has become a cornerstone in the economics of information security. This model can be used in cybersecurity cost-benefit analysis. The model’s foundation is built on the premise that cybersecurity investments can lead to cost savings by preventing cyber breaches. However, it’s essential to weigh these benefits against the …
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