Lawrence Gordon, left, and Martin Loeb
A two-year grant worth more than $666,000 has been awarded to two cybersecurity researchers at the University of Maryland Smith School of Business.
The money, which comes from the U.S. Department of Homeland Security, is “one of just 34 contracts awarded to 29 academic and research institutions for research and development of solutions to cybersecurity challenges,” according to a press release.
Grant recipients and UMD professors Lawrence Gordon and Martin Loeb have spent 15 years researching economic models for investments in cybersecurity. What they call the Gordon-Loeb Model shows how firms can best allocate cybersecurity resources.
According to the release, Gordon and Loeb will use the grant money “to extend their Gordon-Loeb Model to help private sector firms improve their decisions regarding cybersecurity investments. Their work will include case studies and a large questionnaire-based survey of major corporations that own substantial national security related critical infrastructure assets.”
This grant from Homeland Security is the latest boon to this region’s already growing cybersecurity sector, where more than 13,000 people work in the cybersecurity field.
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