Effect of security investment strategy on the business value of managed security service providers

2019 ◽  
Vol 35 ◽  
pp. 100843 ◽  
Author(s):  
Nan Feng ◽  
Meiyun Wang ◽  
Minqiang Li ◽  
Dahui Li
2021 ◽  
pp. 67-74
Author(s):  
Liudmyla Zubyk ◽  
Yaroslav Zubyk

Big data is one of modern tools that have impacted the world industry a lot of. It also plays an important role in determining the ways in which businesses and organizations formulate their strategies and policies. However, very limited academic researches has been conducted into forecasting based on big data due to the difficulties in capturing, collecting, handling, and modeling of unstructured data, which is normally characterized by it’s confidential. We define big data in the context of ecosystem for future forecasting in business decision-making. It can be difficult for a single organization to possess all of the necessary capabilities to derive strategic business value from their findings. That’s why different organizations will build, and operate their own analytics ecosystems or tap into existing ones. An analytics ecosystem comprising a symbiosis of data, applications, platforms, talent, partnerships, and third-party service providers lets organizations be more agile and adapt to changing demands. Organizations participating in analytics ecosystems can examine, learn from, and influence not only their own business processes, but those of their partners. Architectures of popular platforms for forecasting based on big data are presented in this issue.


2020 ◽  
Vol 17 (3) ◽  
pp. 235-259 ◽  
Author(s):  
Yong Wu ◽  
Junlin Duan ◽  
Tao Dai ◽  
Dong Cheng

Nowadays, firms tend to outsource security operations to professional managed security service providers (MSSPs) as a result of the sophistication of strategic hackers. Thus, how an MSSP makes security decisions according to a strategic hacker’s action is worth researching. Constructing a contract theory model, this paper examines the interaction between an MSSP and a strategic hacker based on both parties’ characteristics. We find that the hacker will give up less valuable information assets, and thus not all information assets are worth protecting for the MSSP. For both parties, their optimal efforts do not necessarily increase with their respective efficiency, and the firm’s reputation loss has an opposite effect on its respective efforts. Moreover, we distinguish two types of security externalities including MSSP-side externality and hacker-side externality, and we find that the two types of security externalities have different effects on both parties’ optimal efforts and expected payoffs. We also find that as a result of the trade-off between the integration effect of the MSSP and the effect of MSSP-side externality, firms are still willing to outsource their security operations to the MSSP even when an MSSP devotes fewer security efforts than those of firms that manage security in-house. Last, we extend our base model from two aspects to generalize the main results.


2017 ◽  
Vol 16 (03) ◽  
pp. 625-684 ◽  
Author(s):  
Alireza Shahrasbi ◽  
Mehdi Shamizanjani ◽  
M. H. Alavidoost ◽  
Babak Akhgar

In this study, by analyzing the related literature, the companies providing security services and, more importantly, the data provided by a group of experts, a novel set of 39 criteria is extracted which assists the Managed Security Service Provider (MSSP) selection process. The set is further categorized into eight general classes. The validity and weights of these criteria are measured by a group of experts in Iran. Due to the large number and often conflicting criteria, and the qualitative nature of the evaluations of the service providers, fuzzy multi-criteria decision-making methods (FMCDM) are adopted. In order to demonstrate the application of the proposed model, a numerical example is included, in which eight service providers are evaluated by four decision makers applying fuzzy TOPSIS, fuzzy VIKOR, fuzzy Group ELECTRE, and fuzzy SAW methods. Owing to the variations of the outputs of the applied MCDM methods, they are further analyzed by an aggregation method to propose a unique service provider. A comparison between the output of the aggregation method and the four applied Fuzzy MCDM methods is also made with the help of Euclidean, Hamming, Manhattan and Chebyshev distances. The comparison shows the minimum diversion between the outputs of the Fuzzy TOPSIS and the aggregation method, which indicates the appropriateness of the fuzzy TOPSIS method in this particular problem.


2017 ◽  
Vol 9 (2) ◽  
pp. 171
Author(s):  
Rui Entradas Silva ◽  
Álvaro Lopes Dias

This study seeks to identify the most important criteria for selecting private security service providers, specifically manned guarding. Previous research on provider selection has been generic focusing on multi-criteria model decision development, but not on the previous stage where industry related criteria should be identified. Given that manned guarding is a service that affects our daily lives, it is important to focus attention on this area of activity. Selecting a private security service provider should therefore be a process in researchers’ agenda. We contribute to the literature by identifying relevant criteria in manned guarding provider selection and by using a methodology than can be applied in other industries to identify sensitive criteria besides traditional factors (eg. price, quality, delivery). We gathered a panel of 15 experts in this field to apply Delphi method by gathering their opinion in ordering the most important criteria to select manned guarding service providers.Results shows price as the most important criterion, but it was closely related to the professional experience of the operations managers (supervisors and directors), the geographic location and the financial stability of the companies.


2019 ◽  
Vol 21 (3(72)) ◽  
pp. 117-123
Author(s):  
A.V. RYBCHUK

Topicality. The relevance of the study is based on the fact that the transport sector of the European Union is at a crossroads today, as it requires a policy that meets the needs of the 21st century and which will contribute to the growth of jobs in the EU. It must avoid constraining mobility, while at the same time responding to a range of social and economic problems that arise. Aim and tasks. The purpose of the article is to develop theoretical, methodological and practical applications, which should justify the optimization of transport services and changes in the design of vehicles and infrastructure of the European Union. In addition, various factors of historical and geographical nature often affect the political merits of States parties. After decades of EU activity, there is currently not a sufficiently compatible and resource saving network of interconnected, trans border transport infrastructure. Reasearch results. The essence of the formation of a united European transport network is the implementation of direct links between the main nodes and the infrastructure that forms the mobility of passengers. Airports, ports, railways, undergrounds and bus stations must increasingly be transformed into multimodal communication platforms for passengers and cargo. Online information, electronic booking and payment systems that combine all vehicles will contribute to multimodal travel. But today legal, administrative and technical barriers multiply and slow down the process of forming a single European transport space. Despite the intensification of rail freight and international passenger transport, access to the transport services market continues to be a serious problem. This is largely due to lack of independence and lack of financial transparency between infrastructure managers and service providers, which can lead to discrimination and distortion of the market. Conclusion. The transport policy of the European Union provides a powerful lever for economic recovery. A new issue for European transport systems is their intermodality, that is, the opportunity for logistic chains to use different consecutive modes of transport according to their specific needs for optimizing costs and environmental impact. This means the implementation of regular, clear efforts at European level country by country, industry by industry, according to different geographical, economic and historical features. An investment strategy in transport infrastructure will make sense only if it is shared by actors in the world market. By means of joint financing of individual objects by business and states, the possibility of creating a single European transport network will be real.


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