Economic Aspects of Models for Assessing Cybersecurity in Smart Cities

This publication is the result of UNIVERSITY RESEARCH PROJECT №NID NI-15/2018 “Economic aspects of models for assessing cybersecurity in smart cities”. The study presents, analyzes and compares the models of smart cities and the approaches to construction. A model for cybersecurity of smart cities is also shown. This model is built on an extended model of smart cities. The approach to the model is based on the specific vulnerabilities and threats for each of the modules. At this stage of the study, the link between the economic effects on cybersecurity begins. This link shows that investing in cybersecurity is accelerating digitalization. The next step of the study applies a critical analysis of the indicators traditionally used to assess cybersecurity. Criteria for selecting “good indicators” are proposed. The models for building cybersecurity are compared and their strengths and weaknesses are shown. These models can be applied in combination with project management for a cybersecurity model or a methodology for creating a model for economic assessment of cybersecurity. In support of the economic assessment model, the pragmatic security assessment methodology is applied. Information from various cases was used to support the project and a survey was conducted with users of the cybersecurity product.