Information Security Risk Management: In Which Security Solutions Is It Worth Investing?

This material is brought to you by the Journals at AIS Electronic Library (AISeL). It has been accepted for inclusion in Communications of the Association for Information Systems by an authorized administrator of AIS Electronic Library (AISeL). For more information, please contact [email protected]. As companies are increasingly exposed to information security threats, decision makers are permanently forced to pay attention to security issues. Information security risk management provides an approach for measuring the security through risk assessment, risk mitigation, and risk evaluation. Although a variety of approaches have been proposed, decision makers lack well-founded techniques that (1) show them what they are getting for their investment, (2) show them if their investment is efficient, and (3) do not demand in-depth knowledge of the IT security domain. This article defines a methodology for management decision makers that effectively addresses these problems. This work involves the conception, design, and implementation of the methodology into a software solution. The results from two qualitative case studies show the advantages of this methodology in comparison to established methodologies.