The Department of Homeland Security‘s Science and Technology Directorate has awarded a total of $1.27M to the University of California, San Diego and University of Chicago, Illinois, to help the organizations increase positive cybersecurity control investment choices.

DHS said ThursdayÂ the award is part of the Cyber Risk Economics project, which seeks to aid in the decision making of organizations who own, manage, secure and regulate the country’s data assets and critical infrastructure.

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CYRIE research and development programs support the assessment of cybersecurity control investments; impact of investment on gravity and consequences of actual risks; correlation between business performance and cybersecurity investment; and incentives to create more programs focusing on risk management.

UCSD was awarded $1.05M to create threat intelligence tools and processes for gauging the reliability of a threat intelligence source to an enterprise.

The University of Illinois has been given more than $227K to conceptualize a cyberattack economic impact model and a platform for automating data gathering and evaluation to get real-time estimates of cyber threat damage.

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