Analyzing Risk Level from RoI and VoI for Robust Data Privacy using Fuzzy Inference System

In the modern digital environment, securing data privacy has become increasingly critical as organizations confront rising threats from cyber-attacks and data breaches. To safeguard sensitive information, businesses must invest in robust data protection measures, yet balancing these investments with their potential benefits remains challenging. This research addresses this issue by proposing a novel framework that integrates Return on Investment (RoI) and Value of Information (VoI) within a Fuzzy Inference System (FIS) to assess data privacy risks effectively. RoI measures the financial return relative to the cost of data protection investments, indicating the economic value derived from such measures. VoI, on the other hand, evaluates the worth of the information protected by these investments, reflecting its impact on decision-making and operational efficiency. By employing a FIS, which accommodates uncertainties and imprecise data, this framework provides a nuanced approach to risk assessment, enabling organizations to optimize their data privacy strategies. The integration of RoI and VoI within the FIS allows for a comprehensive evaluation of risk levels, facilitating more informed decision-making and improved risk management. This research aims to enhance data privacy practices by offering a methodical and adaptable tool for evaluating and balancing investments in data protection.