Risk Modelling of Cyber Threats Against MIS and ERP Applications

This study presents a detailed examination of cyber threats impacting Management Information Systems (MIS) and Enterprise Resource Planning (ERP) applications. It explores various types of cyber threats, such as malware, ransomware, phishing, insider threats, DDoS attacks, zero-day exploits, and Advanced Persistent Threats (APTs), assessing their potential impacts on businesses. The study introduces a novel risk modeling approach to quantify these threats by evaluating their threat levels, impacts, and probabilities of occurrence, providing a comprehensive risk score. Emphasizing the importance of proactive measures, advanced security technologies, and a strong organizational culture, the study highlights how these elements are crucial for effective cybersecurity. By integrating these strategies and continuously updating security measures, businesses can better protect their critical systems and mitigate the risks posed by evolving cyber threats.