A Qualitative Study on Acceptance Factors of Economic Approaches on IT Security Investment Decisions
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Paper Type
Complete
Description
Cyber-attacks can cause severe economic damages to businesses today. Therefore, every company needs to protect its IT systems from such attacks by implementing effective IT security measures. When it comes to deciding on an IT security measure, there is a variety of decision approaches that can offer support on choosing an economically reasonable one. In practice, however, such approaches are rarely applied and a company’s security investment decisions are often based on intuitive factors. We therefore want to explore which factors drive the acceptance and application of economic approaches on IT security investment decisions. For this, we used semi-structured interviews and a moderated focus group to generate insights from both science and practice. Not only did our research yield new scientific knowledge about IT security investment decisions, but the results can also be useful in increasing the application of economic decision approaches.
Paper Number
1465
Recommended Citation
Niedzela, Laura; Kuehnel, Stephan; Nastjuk, Ilja; Matschak, Tizian; Sackmann, Stefan; and Trang, Simon, "A Qualitative Study on Acceptance Factors of Economic Approaches on IT Security Investment Decisions" (2023). AMCIS 2023 Proceedings. 16.
https://aisel.aisnet.org/amcis2023/sig_sec/sig_sec/16
A Qualitative Study on Acceptance Factors of Economic Approaches on IT Security Investment Decisions
Cyber-attacks can cause severe economic damages to businesses today. Therefore, every company needs to protect its IT systems from such attacks by implementing effective IT security measures. When it comes to deciding on an IT security measure, there is a variety of decision approaches that can offer support on choosing an economically reasonable one. In practice, however, such approaches are rarely applied and a company’s security investment decisions are often based on intuitive factors. We therefore want to explore which factors drive the acceptance and application of economic approaches on IT security investment decisions. For this, we used semi-structured interviews and a moderated focus group to generate insights from both science and practice. Not only did our research yield new scientific knowledge about IT security investment decisions, but the results can also be useful in increasing the application of economic decision approaches.
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