Measuring the cybersecurity of cloud computing: A stakeholder centered economic approach

Abstract

After the era of mainframe computing (from the nineteen fifties to the nineteen seventies), and the era of personal computing (from the nineteen eighties to the first decade of this millennium), we are now witnessing the emergence of the era of cloud computing (starting from the second decade of this millennium). In the era of cloud computing, end users of computing resources subscribe to service providers, and pay for services on the basis of their level of use. This means that large numbers of users share computing and storage resources in a context where they have little control over access privileges. This raises massive security concerns, which must be addressed in order for the cloud computing paradigm to fulfill all its potential and deliver all its promise. This paper discusses the economic based measure of cyber security, and explores how it can be used to measure the security of the cloud, that affect of the various stakeholders.