Cisco Systems has filed a patent for a network component that can determine attack tactic risk scores and incident risk scores based on actual loss events. The component can also assign priority values to assets and generate asset risk scores based on the priority value and incident risk score. GlobalData’s report on Cisco Systems gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Cisco Systems, Satellite internet access was a key innovation area identified from patents. Cisco Systems's grant share as of September 2023 was 72%. Grant share is based on the ratio of number of grants to total number of patents.

Method for determining risk scores and generating asset risk score

Source: United States Patent and Trademark Office (USPTO). Credit: Cisco Systems Inc

A recently filed patent (Publication Number: US20230316192A1) describes a network component that includes processors and computer-readable storage media. The network component is designed to perform various operations based on instructions executed by the processors. These operations include determining an attack tactic risk score for one or more attack tactics using a dataset of actual loss events. The network component also determines an incident risk score for an incident based on the attack tactic risk scores. Additionally, the network component determines a priority value for an asset associated with the incident and generates an asset risk score for the asset based on the priority value and the incident risk score.

The incident risk score in the network component is associated with the probability of the incident leading to a financial loss for a business. It can be determined based on the highest attack tactic risk score or the average attack tactic risk score of the attack tactics involved. The asset risk score for the asset is generated by multiplying the priority value of the asset by the incident risk score. The incident risk score can be one of multiple incident risk scores associated with the asset, and the asset risk score calculation takes into account the priority value and the plurality of incident risk scores.

The attack tactic risk score, incident risk score, priority value, and asset risk score are all represented as values within specific ranges. The attack tactic risk score and incident risk score range from 1 to 100, the priority value ranges from 1 to 10, and the asset risk score ranges from 1 to 1000.

The dataset of actual loss events used in the network component includes breach data and insurance data. This dataset is crucial for determining the attack tactic risk score and assessing the incident risk score.

In summary, the patent describes a network component and a method for assessing and generating risk scores for attack tactics, incidents, and assets. The risk scores are based on actual loss events and can help businesses prioritize their assets and mitigate potential financial losses.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.