| Summary: | This article proposes a quantitative risk assessment for security systems which have multiple protected assets and a risk-based benefit-cost analysis for decision makers. The proposed methodology consists of five phases: identification of assets, security unit and intrusion path, security unit effectiveness estimation, intrusion path effectiveness estimation, security system risk assessment and benefit-cost estimation. Key innovations in this methodology include its use of effectiveness entropy to measure the degree of uncertainty of a security system to complete a protection task, and the fact it measures risk like information theory measures the amount of information. A notional example is provided to demonstrate an application of the proposed methodology.
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