Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique

This paper describes proposed methodology for evaluation of critical systems and prioritization of critical risks and assets identified in highly secured information systems. For different types of information assets or security environments it is necessary to apply different techniques and methods...

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Main Authors: Davor Maček, Dino Alagić
Format: Article
Language:English
Published: University of Zagreb, Faculty of organization and informatics 2017-06-01
Series:Journal of Information and Organizational Sciences
Subjects:
Online Access:https://jios.foi.hr/index.php/jios/article/view/1025
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author Davor Maček
Dino Alagić
author_facet Davor Maček
Dino Alagić
author_sort Davor Maček
collection DOAJ
description This paper describes proposed methodology for evaluation of critical systems and prioritization of critical risks and assets identified in highly secured information systems. For different types of information assets or security environments it is necessary to apply different techniques and methods for their prioritization and evaluation. In this article, VECTOR matrix method for prioritization of critical assets and critical risks is explained and integrated into AHP (Analytic Hierarchy Process) technique as a set of fixed criteria for evaluation of defined alternatives. Bitcoin cryptocurrency was compared and evaluated along with other common Internet transaction systems by information security professionals according to defined VECTOR criteria. Also, the newly proposed hybrid AHP model is presented with potential case studies for future research. This article tries to discover security posture of Bitcoin cryptocurrency in the context of information security risks related to the existing most common online payment systems like e-banking, m-banking, and e-commerce.
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spelling doaj.art-2ffe1ec9996b41bf8281c0d3b7ea521b2022-12-21T18:30:42ZengUniversity of Zagreb, Faculty of organization and informaticsJournal of Information and Organizational Sciences1846-33121846-94182017-06-0141110.31341/jios.41.1.51025Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP TechniqueDavor Maček0Dino Alagić1UniCredit S.p.A. Zweigniederlassung WienNTH ICT d.d.This paper describes proposed methodology for evaluation of critical systems and prioritization of critical risks and assets identified in highly secured information systems. For different types of information assets or security environments it is necessary to apply different techniques and methods for their prioritization and evaluation. In this article, VECTOR matrix method for prioritization of critical assets and critical risks is explained and integrated into AHP (Analytic Hierarchy Process) technique as a set of fixed criteria for evaluation of defined alternatives. Bitcoin cryptocurrency was compared and evaluated along with other common Internet transaction systems by information security professionals according to defined VECTOR criteria. Also, the newly proposed hybrid AHP model is presented with potential case studies for future research. This article tries to discover security posture of Bitcoin cryptocurrency in the context of information security risks related to the existing most common online payment systems like e-banking, m-banking, and e-commerce.https://jios.foi.hr/index.php/jios/article/view/1025CryptosystemCryptocurrencyBitcoinAnalytic Hierarchy ProcessMulti-criteria Decision AnalysesVECTORInformation Security Risktransaction systems
spellingShingle Davor Maček
Dino Alagić
Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
Journal of Information and Organizational Sciences
Cryptosystem
Cryptocurrency
Bitcoin
Analytic Hierarchy Process
Multi-criteria Decision Analyses
VECTOR
Information Security Risk
transaction systems
title Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
title_full Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
title_fullStr Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
title_full_unstemmed Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
title_short Comparisons of Bitcoin Cryptosystem with Other Common Internet Transaction Systems by AHP Technique
title_sort comparisons of bitcoin cryptosystem with other common internet transaction systems by ahp technique
topic Cryptosystem
Cryptocurrency
Bitcoin
Analytic Hierarchy Process
Multi-criteria Decision Analyses
VECTOR
Information Security Risk
transaction systems
url https://jios.foi.hr/index.php/jios/article/view/1025
work_keys_str_mv AT davormacek comparisonsofbitcoincryptosystemwithothercommoninternettransactionsystemsbyahptechnique
AT dinoalagic comparisonsofbitcoincryptosystemwithothercommoninternettransactionsystemsbyahptechnique