%0 Journal Article %T Stochastic Modelling of Vulnerability Life Cycle and Security Risk Evaluation %A Sasith M. Rajasooriya %A Chris P. Tsokos %A Pubudu Kalpani Kaluarachchi %J Journal of Information Security %P 269-279 %@ 2153-1242 %D 2016 %I Scientific Research Publishing %R 10.4236/jis.2016.74022 %X The objective of the present study is to propose a risk evaluation statistical model for a given vulnerability by examining the Vulnerability Life Cycle and the CVSS score. Having a better understanding of the behavior of vulnerability with respect to time will give us a great advantage. Such understanding will help us to avoid exploitations and introduce patches for a particular vulnerability before the attacker takes the advantage. Utilizing the proposed model one can identify the risk factor of a specific vulnerability being exploited as a function of time. Measuring of the risk factor of a given vulnerability will also help to improve the security level of software and to make appropriate decisions to patch the vulnerability before an exploitation takes place. %K Stochastic Modelling %K Security %K Risk Evaluation %K Vulnerability Life Cycle %K Risk Factor %U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=68736