Cisco 2014 Annual Security Report clearly outlines the evolution of the threat landscape and the increase of the number of attacks. The UK government in 2012 recognised the cyber threat as Tier-1 threat since about 50 government departments have been either subjected to an attack or a direct threat from an attack. The cyberspace has become the platform of choice for businesses, schools, universities, colleges, hospitals and other sectors for business activities. One of the major problems identified by the Department of Homeland Security is the lack of clear security metrics. The recent cyber security breach of the US retail giant TARGET is a typical example that demonstrates the weaknesses of qualitative security, also considered by some security experts as fuzzy security. High, medium or low as measures of security levels do not give a quantitative representation of the network security level of a company. In this thesis, a method is developed to quantify the security risk level of known and unknown attacks in an enterprise network in an effort to solve this problem. The identified vulnerabilities in a case study of a UK based company are classified according to their severity risk levels using common vulnerability scoring system (CVSS) and open web application security project (OWASP). Probability theory is applied against known attacks to create the security metrics and, detection and prevention method is suggested for company network against unknown attacks. Our security metrics are clear and repeatable that can be verified scientifically.

Cisco 2014 Annual Security Report clearly outlines the evolution of the threat landscape and the increase of the number of attacks. The UK government in 2012 recognised the cyber threat as Tier-1 threat since about 50 government departments have been either subjected to an attack or a direct threat from an attack. The cyberspace has become the platform of choice for businesses, schools, universities, colleges, hospitals and other sectors for business activities. One of the major problems identified by the Department of Homeland Security is the lack of clear security metrics. The recent cyber security breach of the US retail giant TARGET is a typical example that demonstrates the weaknesses of qualitative security, also considered by some security experts as fuzzy security. High, medium or low as measures of security levels do not give a quantitative representation of the network security level of a company. In this thesis, a method is developed to quantify the security risk level of known and unknown attacks in an enterprise network in an effort to solve this problem. The identified vulnerabilities in a case study of a UK based company are classified according to their severity risk levels using common vulnerability scoring system (CVSS) and open web application security project (OWASP). Probability theory is applied against known attacks to create the security metrics and, detection and prevention method is suggested for company network against unknown attacks. Our security metrics are clear and repeatable that can be verified scientifically

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A large number of organizations these days are offering some kind of digital services, relyon digital technologies for processing, storing, and sharing of information, are harvesting moderntechnologies to offer remote working arrangements and may face direct cybersecurity risks. Theseare some of the properties of a modern organization. The cybersecurity vulnerability managementprograms of most organizations have been relying on one-dimensional information to prioritizeefforts of remedying security flaws for many years. When combined with the ever-growing attacksurface of modern organizations, the number of vulnerabilities disclosed yearly and the limitedresources available to cybersecurity teams, this renders the goal of securing an organization almostimpossible. This thesis aims at reviewing existing methodologies as observed in academicliterature and in the industry, highlighting their disadvantages, as well as the importance of adynamic, data-driven and informed approach and finally providing a tool that can assist thevulnerability prioritization efforts and increase resource utilization and efficiency. The thesis isinspired by Design Science Research, to design and develop a web-based cybersecurity tool thatcan be utilized towards a data-rich and rigorous approach of Vulnerability Management, by relyingon various cyber threat intelligence metrics.