About this article
Published Online: Jul 27, 2020
Page range: 521 - 530
DOI: https://doi.org/10.2478/picbe-2020-0049
Keywords
© 2020 Liviu Adrian Stoica et al., published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
The objective of this paper work is to create a mathematical approach that can quantify the need of implementing the ISO 27001 in a company and the actual benefits of doing so. The scope is to identify the factors that determine vulnerabilities, what damages are caused by these factors, the risk and impact level of the factors. The approach is from the point of view of costs caused by implementing the standard compared with costs of potential damage by not implementing.