Risk Group proposes Blockchain based Cyber-Security Risk Management Framework (B-CSRM) to give an effective approach to govern the interconnected, interdependent and integrated security risks facing individuals and entities across nations: its government, industries, organizations and academia (NGIOA) from cyberspace and because of cyberspace in geospace and space (CGS).
Why Propose Blockchain based Cyber-Security Risk Management Framework?
The very concept of B-CSRM is to bring transparency, trackability, trust, integrity, objectivity, neutrality and accountability in the way we manage security risks facing humanity.
Objective for Blockchain based Cyber-Security Risk Management Framework Proposal
The proposed blockchain based cyber-security risk management (B-CSRM) framework will meet the following objectives.
- Make a convincing case for a new approach to management of interconnected, interdependent, and integrated cyber-security risks facing individuals and entities across nations: its government, industries, organizations and academia (NGIOA) from cyberspace, geospace and, space (CGS)
- Evaluate blockchain technology for potential use as a digital infrastructure for a cyber-security risk management framework and system
- Propose a blockchain based cyber-security risk management (B-CSRM) framework and system
- Propose a “Security token”
- Propose a “Validation Platform” through consensus mechanism of anonymous “Security Councils”
- Propose “Incentive Structure” for sharing risks: incentivizing risk research and sharing—as well as review, rating and reporting of interconnected and integrated cyber-security risks to the security initiative through proposed “Security token”
- Propose transfer of interconnected and interdependent security risks to “insurance” integrated with cyber-security risk management framework (B-CSRM-I)
- Call for NGIOA cooperation and collaboration
Smart Grid 