Kestutis Driaunys

Dr. Kestutis Driaunys

orcid

Research Focus & Metrics

Academic Career Length

4Years (2023-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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18 August 2023 in Journal of Business Economics and Management
Verified
Journal Article
Open access
PDF file
RBRasa Bruzgė
Rasa Bruzgė
JČJurgita Černevičienė
Jurgita Černevičienė
AŠAlfreda Šapkauskienė
Alfreda Šapkauskienė
AMAida Mačerinskienė
Aida Mačerinskienė
SMSaulius Masteika
Saulius Masteika
KDKestutis Driaunys
Kestutis Driaunys
This study explores the stylized facts, volatility clustering, other highly irregular behaviour, and risk measures of cryptocurrencies’ returns. By analysing bitcoin, ripple, and ethereum daily data we establish evidence of strong dependencies among analysed cryptocurrencies. This paper provides new insights about cryptocurrency behaviour and the main measures of risk and detailed comparative analysis with tech-stocks. Comprehensive research on stylized facts confirmed high risk for both cryptocurrencies and tech-stocks with cryptocurrencies being even riskier. Empirical research findings are useful in developing dependence and risk strategies for investment and hedging purposes, especially during more volatile periods in the markets as there was confirmed existence of volatility clusters when high volatility periods are followed by low volatility periods. Sensitivity analysis and measures of Value-at-Risk (VaR) and Expected Shortfall (ES) show the amount of losses investors can expect in the worst case scenario. Our results confirm the existence of predictability, volatility clustering, and possibilities for arbitrage opportunities. Findings could be beneficial for investors and policymakers as well as for scientific purposes as findings give us a better understanding of the behaviour of cryptocurrencies.

25 February 2025 in Future Internet
Verified
Journal Article
Open access
PDF file
Oleksii ChalyiOleksii Chalyi
Oleksii Chalyi
KDKestutis Driaunys
Kestutis Driaunys
Vytautas RudžionisVytautas Rudžionis
Vytautas Rudžionis
This study systematically evaluates the vulnerabilities of modern web browsers using developed indices derived from the CVE database, including ICVE, ICVSS, IR and IT. These indices incorporate metrics such as vulnerability severity and risks, along with browser popularity, to enable a balanced comparison of browser security. The results highlight significant differences in browser security: while Google Chrome and Samsung Internet exhibited lower threat indices, Mozilla Firefox demonstrated consistently higher scores, indicating greater exposure to risks. These observations a slightly contradict widespread opinion. The findings emphasize the importance of timely software updates in mitigating vulnerabilities, as many incidents were linked to outdated browser versions. This study also introduces a robust methodology for assessing browser threats, providing a framework for future research. Potential applications include developing browser-based penetration testing systems to simulate phishing and data extraction scenarios, offering insights into user-specific risks and broader organizational impacts. By combining theoretical analysis with practical implications, this work contributes to advancing browser security and lays the foundation for future applied research in cybersecurity.

21 December 2023 in Organizations and Markets in Emerging Economies
Verified
Journal Article
Open access
RARasuolė Andrulienė
Rasuolė Andrulienė
AMAida Mačerinskienė
Aida Mačerinskienė
AŠAlfreda Šapkauskienė
Alfreda Šapkauskienė
SMSaulius Masteika
Saulius Masteika
KDKestutis Driaunys
Kestutis Driaunys

19 March 2026 in Electronics
Verified
Journal Article
Open access
PDF file
Oleksii ChalyiOleksii Chalyi
Oleksii Chalyi
KDKestutis Driaunys
Kestutis Driaunys
Šarūnas GrigaliūnasŠarūnas Grigaliūnas
Šarūnas Grigaliūnas
RBRasa Bruzgiene
Rasa Bruzgiene
This paper presents a standard-oriented architecture for automating information security risk management (ISRM) using artificial intelligence. The study first evaluates eight international frameworks (including COBIT 2019, NIST SP 800-53, and ISO 31000) for automation suitability, identifying ISO/IEC 27005 as the optimal structural foundation. Based on these findings, an architecture integrating Natural Language Processing and machine learning to automate risk identification, assessment, and treatment is proposed. A core component is a decision-making module that combines expert reasoning with a Multi-LLM consensus mechanism to ensure reliability. To provide exploratory support for the proposed architecture, a comparative study using five state-of-the-art Large Language Models (ChatGPT, Gemini Advanced, Grok, Microsoft Copilot, and DeepSeek Chat) was conducted on a standardized risk identification task. The results highlight strong cross-model consensus patterns, providing exploratory evidence that LLMs may support expert-informed risk identification and reasoning tasks while acknowledging the current limitations in complex reasoning. This approach proposes a transparent architectural foundation for AI-driven ISRM whose scalability must be established through future prototype-based evaluation, thereby bridging the gap between rigid compliance standards and generative AI capabilities.

27 March 2025 in Electronics
Verified
Journal Article
Open access
PDF file
Šarūnas GrigaliūnasŠarūnas Grigaliūnas
Šarūnas Grigaliūnas
RBRasa Bruzgiene
Rasa Bruzgiene
KDKestutis Driaunys
Kestutis Driaunys
RDRenata Danielienė
Renata Danielienė
IVIlona Veitaitė
Ilona Veitaitė
NGNeringa Gaubienė
Neringa Gaubienė
AI-driven cyber threats are evolving faster than current defense mechanisms, complicating forensic investigations. As attacks grow more sophisticated, forensic methods struggle to analyze vast wearable device data, highlighting the need for an advanced framework to improve threat detection and responses. This paper presents a generative artificial intelligence (GenAI)-assisted framework that enhances cyberforensics and strengthens strategic cyber resilience, particularly for chief information security officers (CISOs). It addresses three key challenges: inefficient incident reconstruction, open-source intelligence (OSINT) limitations, and real-time decision-making difficulties. The framework integrates GenAI to automate routine tasks, the cross-layering of digital attributes from wearable devices and open-source intelligence (OSINT) to provide a comprehensive understanding of malicious incidents. By synthesizing digital attributes and applying the 5W approach, the framework facilitates accurate incident reconstruction, enabling CISOs to respond to threats with improved precision. The proposed framework is validated through experimental testing involving publicly available wearable device datasets (e.g., GPS data, pairing and activity logs). The results show that GenAI enhances incident detection and reconstruction, increasing the accuracy and speed of CISOs’ responses to threats. The experimental evaluation demonstrates that our framework improves cyberforensics efficiency by streamlining the integration of digital attributes, reducing the incident reconstruction time and enhancing decision-making precision. The framework enhances cybersecurity resilience in critical infrastructures, although challenges remain regarding data privacy, accuracy and scalability.

1 April 2026
Verified
Book Chapter
Closed access
RDRenata Danielienė
Renata Danielienė
KDKestutis Driaunys
Kestutis Driaunys
IVIlona Veitaitė
Ilona Veitaitė
MBMartynas Bartnykas
Martynas Bartnykas
RSRokas Stankūnas
Rokas Stankūnas
DKDainora Kuliešienė
Dainora Kuliešienė