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| economics of cyber security: Economics of Information Security L. Jean Camp, Stephen Lewis, 2006-04-11 Designed for managers struggling to understand the risks in organizations dependent on secure networks, this book applies economics not to generate breakthroughs in theoretical economics, but rather breakthroughs in understanding the problems of security. |
| economics of cyber security: The Law and Economics of Cybersecurity Mark F. Grady, Francesco Parisi, 2006 Cybersecurity is an increasing problem for which the market may fail to produce a solution. The ultimate source is that computer owners lack adequate incentives to invest in security because they bear fully the costs of their security precautions but share the benefits with their network partners. In a world of positive transaction costs, individuals often select less than optimal security levels. The problem is compounded because the insecure networks extend far beyond the regulatory jurisdiction of any one nation or even coalition of nations. This book brings together the views of leading law and economics scholars on the nature of the cybersecurity problem and possible solutions to it. Many of these solutions are market based, but they need some help, either from government or industry groups or both. Indeed, the cybersecurity problem prefigures a host of 21st century problems created by information technology and the globalization of markets. |
| economics of cyber security: Economics of Information Security and Privacy Tyler Moore, David Pym, Christos Ioannidis, 2010-07-20 The Workshop on the Economics of Information Security (WEIS) is the leading forum for interdisciplinary research and scholarship on information security and privacy, combining ideas, techniques, and expertise from the fields of economics, social science, business, law, policy, and computer science. In 2009, WEIS was held in London, at UCL, a constituent college of the University of London. Economics of Information Security and Privacy includes chapters presented at WEIS 2009, having been carefully reviewed by a program committee composed of leading researchers. Topics covered include identity theft, modeling uncertainty's effects, future directions in the economics of information security, economics of privacy, options, misaligned incentives in systems, cyber-insurance, and modeling security dynamics. Economics of Information Security and Privacy is designed for managers, policy makers, and researchers working in the related fields of economics of information security. Advanced-level students focusing on computer science, business management and economics will find this book valuable as a reference. |
| economics of cyber security: Blackhatonomics Will Gragido, John Pirc, Nick Selby, Daniel Molina, 2012-12-31 Blackhatonomics explains the basic economic truths of the underworld of hacking, and why people around the world devote tremendous resources to developing and implementing malware. The book provides an economic view of the evolving business of cybercrime, showing the methods and motivations behind organized cybercrime attacks, and the changing tendencies towards cyber-warfare. Written by an exceptional author team of Will Gragido, Daniel J Molina, John Pirc and Nick Selby, Blackhatonomics takes practical academic principles and backs them up with use cases and extensive interviews, placing you right into the mindset of the cyber criminal. - Historical perspectives of the development of malware as it evolved into a viable economic endeavour - Country specific cyber-crime analysis of the United States, China, and Russia, as well as an analysis of the impact of Globalization on cyber-crime - Presents the behind the scenes methods used to successfully execute financially motivated attacks in a globalized cybercrime economy - Provides unique insights, analysis, and useful tools for justifying corporate information security budgets - Provides multiple points of view, from pure research, to corporate, to academic, to law enforcement - Includes real world cybercrime case studies and profiles of high-profile cybercriminals |
| economics of cyber security: The Economics of Information Security and Privacy Rainer Böhme, 2013-11-29 In the late 1990s, researchers began to grasp that the roots of many information security failures can be better explained with the language of economics than by pointing to instances of technical flaws. This led to a thriving new interdisciplinary research field combining economic and engineering insights, measurement approaches and methodologies to ask fundamental questions concerning the viability of a free and open information society. While economics and information security comprise the nucleus of an academic movement that quickly drew the attention of thinktanks, industry, and governments, the field has expanded to surrounding areas such as management of information security, privacy, and, more recently, cybercrime, all studied from an interdisciplinary angle by combining methods from microeconomics, econometrics, qualitative social sciences, behavioral sciences, and experimental economics. This book is structured in four parts, reflecting the main areas: management of information security, economics of information security, economics of privacy, and economics of cybercrime. Each individual contribution documents, discusses, and advances the state of the art concerning its specific research questions. It will be of value to academics and practitioners in the related fields. |
| economics of cyber security: Cyber Security Michael P. Gallaher, Albert N. Link, Brent Rowe, 2008 Cyberspace is the nervous system of advanced economies, linking critical infrastructure across public & private institutions. This book explores a range of issues, including private sector cyber security investment decisions, implementation strategies, public policy efforts to ensure overall security & the role of government. |
| economics of cyber security: Cybersecurity Investments Stefan Beissel, 2016-02-29 This book offers readers essential orientation on cybersecurity safeguards, and first and foremost helps them find the right balance between financial expenditures and risk mitigation. This is achieved by pursuing a multi-disciplinary approach that combines well-founded methods from economics and the computer sciences. Established decision making techniques are embedded into a walk-through for the complete lifecycle of cybersecurity investments. Insights into the economic aspect of the costs and benefits of cybersecurity are supplemented by established and innovative economic indicators. Readers will find practical tools and techniques to support reasonable decision making in cybersecurity investments. Further, they will be equipped to encourage a common understanding using economic aspects, and to provide cost transparency for the senior management. |
| economics of cyber security: Critical Infrastructure Protection E. Goetz, S. Shenoi, 2007-11-07 The information infrastructure--comprising computers, embedded devices, networks and software systems--is vital to operations in every sector. Global business and industry, governments, and society itself, cannot function effectively if major components of the critical information infrastructure are degraded, disabled or destroyed. This book contains a selection of 27 edited papers from the First Annual IFIP WG 11.10 International Conference on Critical Infrastructure Protection. |
| economics of cyber security: Cybersecurity Management Nir Kshetri, 2021-12-17 Cyberthreats are among the most critical issues facing the world today. Cybersecurity Management draws on case studies to analyze cybercrime at the macro level, and evaluates the strategic and organizational issues connected to cybersecurity. Cross-disciplinary in its focus, orientation, and scope, this book looks at emerging communication technologies that are currently under development to tackle emerging threats to data privacy. Cybersecurity Management provides insights into the nature and extent of cyberthreats to organizations and consumers, and how such threats evolve with new technological advances and are affected by cultural, organizational, and macro‐environmental factors. Cybersecurity Management articulates the effects of new and evolving information, communication technologies, and systems on cybersecurity and privacy issues. As the COVID-19 pandemic has revealed, we are all dependent on the Internet as a source for not only information but also person-to-person connection, thus our chances of encountering cyberthreats is higher than ever. Cybersecurity Management aims to increase the awareness of and preparedness to handle such threats among policy-makers, planners, and the public. |
| economics of cyber security: Cyber Law and Cyber Security in Developing and Emerging Economies Zeinab Karake-Shalhoub, Lubna Al Qasimi, 2010-01-01 This timely and important book illuminates the impact of cyber law on the growth and development of emerging and developing economies. Using a strong theoretical framework firmly grounded in resource-based and technology diffusion literature, the authors convey a subtle understanding of the ways public and private sector entities in developing and emerging countries adopt cyber space processes. This book reveals that the diffusion of cyber activities in developing and emerging economies is relatively low, with the main stumbling blocks resting in regulatory, cultural, and social factors. The authors argue that cyber crimes constitute a prime obstacle to the diffusion of e-commence and e-governments in developing economies, and governments have an important role in developing control mechanisms in the form of laws. However, setting appropriate policies and complementary services, particularly those affecting the telecommunications sector and other infrastructure, human capital and the investment environment, severely constrains Internet access. Using both strategic and operational perspectives, the authors discuss the concrete experience of constructing and implementing cyber laws and cyber security measures in developing and emerging countries, and analyse their content and appropriateness. Professionals, academics, students, and policymakers working in the area of cyber space, e-commerce and economic development, and United Nations entities working closely with the Millennium Development Goals, will find this book an invaluable reference. |
| economics of cyber security: You'll See This Message When It Is Too Late Josephine Wolff, 2018-11-13 What we can learn from the aftermath of cybersecurity breaches and how we can do a better job protecting online data. Cybersecurity incidents make the news with startling regularity. Each breach—the theft of 145.5 million Americans' information from Equifax, for example, or the Russian government's theft of National Security Agency documents, or the Sony Pictures data dump—makes headlines, inspires panic, instigates lawsuits, and is then forgotten. The cycle of alarm and amnesia continues with the next attack, and the one after that. In this book, cybersecurity expert Josephine Wolff argues that we shouldn't forget about these incidents, we should investigate their trajectory, from technology flaws to reparations for harm done to their impact on future security measures. We can learn valuable lessons in the aftermath of cybersecurity breaches. Wolff describes a series of significant cybersecurity incidents between 2005 and 2015, mapping the entire life cycle of each breach in order to identify opportunities for defensive intervention. She outlines three types of motives underlying these attacks—financial gain, espionage, and public humiliation of the victims—that have remained consistent through a decade of cyberattacks, offers examples of each, and analyzes the emergence of different attack patterns. The enormous TJX breach in 2006, for instance, set the pattern for a series of payment card fraud incidents that led to identity fraud and extortion; the Chinese army conducted cyberespionage campaigns directed at U.S.-based companies from 2006 to 2014, sparking debate about the distinction between economic and political espionage; and the 2014 breach of the Ashley Madison website was aimed at reputations rather than bank accounts. |
| economics of cyber security: At the Nexus of Cybersecurity and Public Policy National Research Council, Division on Engineering and Physical Sciences, Computer Science and Telecommunications Board, Committee on Developing a Cybersecurity Primer: Leveraging Two Decades of National Academies Work, 2014-06-16 We depend on information and information technology (IT) to make many of our day-to-day tasks easier and more convenient. Computers play key roles in transportation, health care, banking, and energy. Businesses use IT for payroll and accounting, inventory and sales, and research and development. Modern military forces use weapons that are increasingly coordinated through computer-based networks. Cybersecurity is vital to protecting all of these functions. Cyberspace is vulnerable to a broad spectrum of hackers, criminals, terrorists, and state actors. Working in cyberspace, these malevolent actors can steal money, intellectual property, or classified information; impersonate law-abiding parties for their own purposes; damage important data; or deny the availability of normally accessible services. Cybersecurity issues arise because of three factors taken together - the presence of malevolent actors in cyberspace, societal reliance on IT for many important functions, and the presence of vulnerabilities in IT systems. What steps can policy makers take to protect our government, businesses, and the public from those would take advantage of system vulnerabilities? At the Nexus of Cybersecurity and Public Policy offers a wealth of information on practical measures, technical and nontechnical challenges, and potential policy responses. According to this report, cybersecurity is a never-ending battle; threats will evolve as adversaries adopt new tools and techniques to compromise security. Cybersecurity is therefore an ongoing process that needs to evolve as new threats are identified. At the Nexus of Cybersecurity and Public Policy is a call for action to make cybersecurity a public safety priority. For a number of years, the cybersecurity issue has received increasing public attention; however, most policy focus has been on the short-term costs of improving systems. In its explanation of the fundamentals of cybersecurity and the discussion of potential policy responses, this book will be a resource for policy makers, cybersecurity and IT professionals, and anyone who wants to understand threats to cyberspace. |
| economics of cyber security: Economic Security: Neglected Dimension of National Security ? National Defense University (U S ), National Defense University (U.S.), Institute for National Strategic Studies (U S, Sheila R. Ronis, 2011-12-27 On August 24-25, 2010, the National Defense University held a conference titled “Economic Security: Neglected Dimension of National Security?” to explore the economic element of national power. This special collection of selected papers from the conference represents the view of several keynote speakers and participants in six panel discussions. It explores the complexity surrounding this subject and examines the major elements that, interacting as a system, define the economic component of national security. |
| economics of cyber security: OECD SME and Entrepreneurship Outlook 2019 OECD, 2019-05-20 The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs. This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. |
| economics of cyber security: Cybersecurity Harvard Business Review, Alex Blau, Andrew Burt, Boris Groysberg, Roman V. Yampolskiy, 2019-08-27 No data is completely safe. Cyberattacks on companies and individuals are on the rise and growing not only in number but also in ferocity. And while you may think your company has taken all the precautionary steps to prevent an attack, no individual, company, or country is safe. Cybersecurity can no longer be left exclusively to IT specialists. Improving and increasing data security practices and identifying suspicious activity is everyone's responsibility, from the boardroom to the break room. Cybersecurity: The Insights You Need from Harvard Business Review brings you today's most essential thinking on cybersecurity, from outlining the challenges to exploring the solutions, and provides you with the critical information you need to prepare your company for the inevitable hack. The lessons in this book will help you get everyone in your organization on the same page when it comes to protecting your most valuable assets. Business is changing. Will you adapt or be left behind? Get up to speed and deepen your understanding of the topics that are shaping your company's future with the Insights You Need from Harvard Business Review series. Featuring HBR's smartest thinking on fast-moving issues--blockchain, cybersecurity, AI, and more--each book provides the foundational introduction and practical case studies your organization needs to compete today and collects the best research, interviews, and analysis to get it ready for tomorrow. You can't afford to ignore how these issues will transform the landscape of business and society. The Insights You Need series will help you grasp these critical ideas--and prepare you and your company for the future. |
| economics of cyber security: Managing Cybersecurity Resources Lawrence A. Gordon, Martin P. Loeb, 2005-10-19 Breaches in cybersecurity are on the rise. Between 1998 and 2003, reported cybersecurity incidents increased over thirty-fold. Well-publicized information security breaches have made cybersecurity a critical and timely topic for the general public, as well as for corporations, not-for-profit organizations and the government. As a result, organizations need to be able to make the business case for spending the right amount on cybersecurity. They also need to know how to efficiently allocate these funds to specific cybersecurity activities. Managing Cybersecurity Resources is the first book to specifically focus on providing a framework for understanding how to use economic and financial management tools in helping to address these important issues. The McGraw-Hill Homeland Security Series draws on frontline government, military, and business experts to detail what individuals and businesses can and must do to understand and move forward in this challenging new environment. Books in this timely and noteworthy series will cover everything from the balance between freedom and safety to strategies for protection of intellectual, business, and personal property to structures and goals of terrorist groups including Al-Qaeda. |
| economics of cyber security: Optimal Spending on Cybersecurity Measures Tara Kissoon, 2024-10-30 This book introduces the cyber risk investment model, and the cybersecurity risk management framework used within business-driven risk assessments to meet the intent of Privacy and Data Protection Laws. |
| economics of cyber security: Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech Boitan, Iustina Alina, Marchewka-Bartkowiak, Kamilla, 2020-09-11 Due to the emergence of innovative technologies, various professional fields are transforming their traditional business practices. Specifically, the financial and legal markets are experiencing this digital transformation as professionals and researchers are finding ways to improve efficiency, personalization, and security in these economic sectors. Significant research is needed to keep pace with the continuous advancements that are taking place in finance. Fostering Innovation and Competitiveness with FinTech, RegTech, and SupTech provides emerging research exploring the theoretical and practical aspects of technologically innovative mechanisms and applications within the financial, economic, and legal markets. Featuring coverage on a broad range of topics such as crowdfunding platforms, crypto-assets, and blockchain technology, this book is ideally designed for researchers, economists, practitioners, policymakers, analysts, managers, executives, educators, and students seeking current research on the strategic role of technology in the future development of financial and economic activity. |
| economics of cyber security: Assessing and Insuring Cybersecurity Risk Ravi Das, 2021-10-08 Remote workforces using VPNs, Cloud-based infrastructure and critical systems, and a proliferation in phishing attacks and fraudulent websites are all raising the level of risk for every company. It all comes down to just one thing that is at stake: how to gauge a company’s level of cyber risk and the tolerance level for this risk. Loosely put, this translates to how much level of uncertainty an organization can tolerate before the uncertainty starts to negatively affect mission critical flows and business processes. Trying to gauge this can be a huge and nebulous task for any IT security team to accomplish. Making this task so difficult are the many frameworks and models that can be utilized. It is very confusing to know which one to utilize in order to achieve a high level of security. Complicating this situation further is that both quantitative and qualitative variables must be taken into consideration and deployed into a cyber risk model. Assessing and Insuring Cybersecurity Risk provides an insight into how to gauge an organization’s particular level of cyber risk, and what would be deemed appropriate for the organization’s risk tolerance. In addition to computing the level of cyber risk, an IT security team has to determine the appropriate controls that are needed to mitigate cyber risk. Also to be considered are the standards and best practices that the IT security team has to implement for complying with such regulations and mandates as CCPA, GDPR, and HIPAA. To help a security team to comprehensively assess an organization’s cyber risk level and how to insure against it, the book covers: The mechanics of cyber risk Risk controls that need to be put into place The issues and benefits of cybersecurity risk insurance policies GDPR, CCPA, and the CMMC Gauging how much cyber risk and uncertainty an organization can tolerate is a complex and complicated task, and this book helps to make it more understandable and manageable. |
| economics of cyber security: Proceedings of a Workshop on Deterring Cyberattacks National Research Council, Policy and Global Affairs, Division on Engineering and Physical Sciences, Computer Science and Telecommunications Board, Committee on Deterring Cyberattacks: Informing Strategies and Developing Options for U.S. Policy, 2010-10-30 In a world of increasing dependence on information technology, the prevention of cyberattacks on a nation's important computer and communications systems and networks is a problem that looms large. Given the demonstrated limitations of passive cybersecurity defense measures, it is natural to consider the possibility that deterrence might play a useful role in preventing cyberattacks against the United States and its vital interests. At the request of the Office of the Director of National Intelligence, the National Research Council undertook a two-phase project aimed to foster a broad, multidisciplinary examination of strategies for deterring cyberattacks on the United States and of the possible utility of these strategies for the U.S. government. The first phase produced a letter report providing basic information needed to understand the nature of the problem and to articulate important questions that can drive research regarding ways of more effectively preventing, discouraging, and inhibiting hostile activity against important U.S. information systems and networks. The second phase of the project entailed selecting appropriate experts to write papers on questions raised in the letter report. A number of experts, identified by the committee, were commissioned to write these papers under contract with the National Academy of Sciences. Commissioned papers were discussed at a public workshop held June 10-11, 2010, in Washington, D.C., and authors revised their papers after the workshop. Although the authors were selected and the papers reviewed and discussed by the committee, the individually authored papers do not reflect consensus views of the committee, and the reader should view these papers as offering points of departure that can stimulate further work on the topics discussed. The papers presented in this volume are published essentially as received from the authors, with some proofreading corrections made as limited time allowed. |
| economics of cyber security: The Real Cyber War Shawn M. Powers, Michael Jablonski, 2015-03-15 Contemporary discussion surrounding the role of the internet in society is dominated by words like: internet freedom, surveillance, cybersecurity, Edward Snowden and, most prolifically, cyber war. Behind the rhetoric of cyber war is an on-going state-centered battle for control of information resources. Shawn Powers and Michael Jablonski conceptualize this real cyber war as the utilization of digital networks for geopolitical purposes, including covert attacks against another state's electronic systems, but also, and more importantly, the variety of ways the internet is used to further a state’s economic and military agendas. Moving beyond debates on the democratic value of new and emerging information technologies, The Real Cyber War focuses on political, economic, and geopolitical factors driving internet freedom policies, in particular the U.S. State Department's emerging doctrine in support of a universal freedom to connect. They argue that efforts to create a universal internet built upon Western legal, political, and social preferences is driven by economic and geopolitical motivations rather than the humanitarian and democratic ideals that typically accompany related policy discourse. In fact, the freedom-to-connect movement is intertwined with broader efforts to structure global society in ways that favor American and Western cultures, economies, and governments. Thought-provoking and far-seeing, The Real Cyber War reveals how internet policies and governance have emerged as critical sites of geopolitical contestation, with results certain to shape statecraft, diplomacy, and conflict in the twenty-first century. |
| economics of cyber security: Research Anthology on Advancements in Cybersecurity Education Management Association, Information Resources, 2021-08-27 Modern society has become dependent on technology, allowing personal information to be input and used across a variety of personal and professional systems. From banking to medical records to e-commerce, sensitive data has never before been at such a high risk of misuse. As such, organizations now have a greater responsibility than ever to ensure that their stakeholder data is secured, leading to the increased need for cybersecurity specialists and the development of more secure software and systems. To avoid issues such as hacking and create a safer online space, cybersecurity education is vital and not only for those seeking to make a career out of cybersecurity, but also for the general public who must become more aware of the information they are sharing and how they are using it. It is crucial people learn about cybersecurity in a comprehensive and accessible way in order to use the skills to better protect all data. The Research Anthology on Advancements in Cybersecurity Education discusses innovative concepts, theories, and developments for not only teaching cybersecurity, but also for driving awareness of efforts that can be achieved to further secure sensitive data. Providing information on a range of topics from cybersecurity education requirements, cyberspace security talents training systems, and insider threats, it is ideal for educators, IT developers, education professionals, education administrators, researchers, security analysts, systems engineers, software security engineers, security professionals, policymakers, and students. |
| economics of cyber security: Cyber Security And Supply Chain Management: Risks, Challenges, And Solutions Steven Carnovale, Sengun Yeniyurt, 2021-05-25 What are the cyber vulnerabilities in supply chain management? How can firms manage cyber risk and cyber security challenges in procurement, manufacturing, and logistics?Today it is clear that supply chain is often the core area of a firm's cyber security vulnerability, and its first line of defense. This book brings together several experts from both industry and academia to shine light on this problem, and advocate solutions for firms operating in this new technological landscape.Specific topics addressed in this book include: defining the world of cyber space, understanding the connection between supply chain management and cyber security, the implications of cyber security and supply chain risk management, the 'human factor' in supply chain cyber security, the executive view of cyber security, cyber security considerations in procurement, logistics, and manufacturing among other areas. |
| economics of cyber security: Cyber Insecurity Richard Harrison, Trey Herr, 2016-10-18 Growing dependence on cyberspace for commerce, communication, governance, and military operations has left society vulnerable to a multitude of security threats. Mitigating the inherent risks associated with the use of cyberspace poses a series of thorny public policy problems. In this volume, academics, practitioners from both private sector and government, along with former service members come together to highlight sixteen of the most pressing contemporary challenges in cybersecurity, and to offer recommendations for the future. As internet connectivity continues to spread, this book will offer readers greater awareness of the threats of tomorrow—and serve to inform public debate into the next information age. Contributions by Adrienne Allen, Aaron Brantly, Lauren Boas Hayes, Jane Chong, Joshua Corman, Honorable Richard J. Danzig, Kat Dransfield, Ryan Ellis, Mailyn Fidler, Allan Friedman, Taylor Grossman, Richard M. Harrison, Trey Herr, Drew Herrick, Jonah F. Hill, Robert M. Lee, Herbert S. Lin, Anastasia Mark, Robert Morgus, Paul Ohm, Eric Ormes, Jason Rivera, Sasha Romanosky, Paul Rosenzweig, Matthew Russell, Nathaniel Tisa, Abraham Wagner, Rand Waltzman, David Weinstein, Heather West, and Beau Woods. |
| economics of cyber security: The Hacked World Order Adam Segal, 2016-02-23 For more than three hundred years, the world wrestled with conflicts that arose between nation-states. Nation-states wielded military force, financial pressure, and diplomatic persuasion to create world order. Even after the end of the Cold War, the elements comprising world order remained essentially unchanged. But 2012 marked a transformation in geopolitics and the tactics of both the established powers and smaller entities looking to challenge the international community. That year, the US government revealed its involvement in Operation Olympic Games, a mission aimed at disrupting the Iranian nuclear program through cyberattacks; Russia and China conducted massive cyber-espionage operations; and the world split over the governance of the Internet. Cyberspace became a battlefield. Cyber conflict is hard to track, often delivered by proxies, and has outcomes that are hard to gauge. It demands that the rules of engagement be completely reworked and all the old niceties of diplomacy be recast. Many of the critical resources of statecraft are now in the hands of the private sector, giant technology companies in particular. In this new world order, cybersecurity expert Adam Segal reveals, power has been well and truly hacked. |
| economics of cyber security: Innovation in Sustainable Management and Entrepreneurship Gabriela Prostean, Juan José Lavios Villahoz, Laura Brancu, Gyula Bakacsi, 2020-05-29 This book analyses state-of-the-art techniques in business process management as drivers of advanced entrepreneurship, financial management, supply chain management, and sustainability management. The role of management in a rapidly-changing environment and the use of innovative methods and techniques to address and solve key management problems are also explored. |
| economics of cyber security: How to Measure Anything in Cybersecurity Risk Douglas W. Hubbard, Richard Seiersen, 2016-07-25 A ground shaking exposé on the failure of popular cyber risk management methods How to Measure Anything in Cybersecurity Risk exposes the shortcomings of current risk management practices, and offers a series of improvement techniques that help you fill the holes and ramp up security. In his bestselling book How to Measure Anything, author Douglas W. Hubbard opened the business world's eyes to the critical need for better measurement. This book expands upon that premise and draws from The Failure of Risk Management to sound the alarm in the cybersecurity realm. Some of the field's premier risk management approaches actually create more risk than they mitigate, and questionable methods have been duplicated across industries and embedded in the products accepted as gospel. This book sheds light on these blatant risks, and provides alternate techniques that can help improve your current situation. You'll also learn which approaches are too risky to save, and are actually more damaging than a total lack of any security. Dangerous risk management methods abound; there is no industry more critically in need of solutions than cybersecurity. This book provides solutions where they exist, and advises when to change tracks entirely. Discover the shortcomings of cybersecurity's best practices Learn which risk management approaches actually create risk Improve your current practices with practical alterations Learn which methods are beyond saving, and worse than doing nothing Insightful and enlightening, this book will inspire a closer examination of your company's own risk management practices in the context of cybersecurity. The end goal is airtight data protection, so finding cracks in the vault is a positive thing—as long as you get there before the bad guys do. How to Measure Anything in Cybersecurity Risk is your guide to more robust protection through better quantitative processes, approaches, and techniques. |
| economics of cyber security: Cyber Terrorism: Political and Economic Implications Colarik, Andrew, 2006-03-31 Cyber Terrorism: Political and Economic Implications is a cyber terrorism brief that outlines many of the recent terrorist activities, political objectives, and their use of cyberspace. Much of this book is dedicated to illustrating the use of the global information infrastructure by terrorists for the communication and coordination of distributed terrorist cells, the gathering of target intelligence, and the use of cyber criminal activities as a force multiplier for both physical attacks and infrastructure destabilization. This book identifies the underlying technologies of the global information infrastructure as a means for presenting how critical this emerging domain has become. It then discusses the current attack methods and lays out a series of scenarios for key industry sectors. Lastly, Cyber Terrorism: Political and Economic Implications puts forward prevention and response policies for reducing cyber terrorism activities in the context of traditional information security objectives. |
| economics of cyber security: Countering Cyber Threats to Financial Institutions Pierre-Luc Pomerleau, David L. Lowery, 2020-08-29 Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity. |
| economics of cyber security: The Quest to Cyber Superiority Nir Kshetri, 2018-04-22 This book explains how major world economies are recognizing the need for a major push in cyber policy environments. It helps readers understand why these nations are committing substantial resources to cybersecurity, and to the development of standards, rules and guidelines in order to address cyber-threats and catch up with global trends and technological developments. A key focus is on specific countries’ engagement in cyberattacks and the development of cyber-warfare capabilities. Further, the book demonstrates how a nation’s technological advancement may not necessarily lead to cyber-superiority. It covers cybersecurity issues with regard to conflicts that shape relationships between major economies, and explains how attempts to secure the cyber domain have been hampered by the lack of an international consensus on key issues and concepts. The book also reveals how some economies are now facing a tricky trade-off between economically productive uses of emerging technologies and an enhanced cybersecurity profile. In the context of current paradigms related to the linkages between security and trade/investment, it also delves into new perspectives that are being brought to light by emerging cybersecurity issues. |
| economics of cyber security: The Global Cybercrime Industry Nir Kshetri, 2010-06-25 The Internet’s rapid diffusion and digitization of economic activities have led to the emergence of a new breed of criminals. Economic, political, and social impacts impacts of these cyber-criminals’ activities have received considerable attention in recent years. Individuals, businesses, and governments rightfully worry about the security of their systems, networks, and IT infrastructures. Looking at the patterns of cybercrimes, it is apparent that many underlying assumptions about crimes are ?awed, unrealistic, and implausible to explain this new form of criminality. The empirical records regarding crime patterns and stra- gies to avoid and ?ght crimes run counter to the functioning of the cyberworld. The ?elds of hacking and cybercrime have also undergone political, social, and psychological metamorphosis. The cybercrime industry is a comparatively young area of inquiry. While there has been an agreement that the global cybercrime industry is tremendously huge, little is known about its exact size and structure. Very few published studies have examined economic and institutional factors that in?uence strategies and behaviors of various actors associated with the cybercrime industry. Theorists are also debating as to the best way to comprehend the actions of cyber criminals and hackers and the symbiotic relationships they have with various players. |
| economics of cyber security: The Cybersecurity Social Contract Internet Security Internet Security Alliance, 2016-09-01 If you had 30 minutes to advise the next President on cybersecurity, what would you say? That is the question we asked the Internet Security Alliance board of directors a year ago. The answer is a 400-page, 17 chapter, book containing 106 specific recommendations. The book is written primarily by the ISA board, which consists of chief information security officers from 20 of the world's major companies cutting across 11 economic sectors. The answer begins with a 12-step program for the new administration that ranges from establishing the proper tone for addressing the issue, to strategic initiatives down to concrete operational recommendations. |
| economics of cyber security: The Economics and Implications of Data Mr.Yan Carriere-Swallow, Mr.Vikram Haksar, 2019-09-23 This SPR Departmental Paper will provide policymakers with a framework for studying changes to national data policy frameworks. |
| economics of cyber security: Economics of Information Security and Privacy III Bruce Schneier, 2012-09-26 The Workshop on the Economics of Information Security (WEIS) is the leading forum for interdisciplinary scholarship on information security, combining expertise from the fields of economics, social science, business, law, policy and computer science. Prior workshops have explored the role of incentives between attackers and defenders, identified market failures dogging Internet security, and assessed investments in cyber-defense. Current contributions build on past efforts using empirical and analytic tools to not only understand threats, but also strengthen security through novel evaluations of available solutions. Economics of Information Security and Privacy III addresses the following questions: how should information risk be modeled given the constraints of rare incidence and high interdependence; how do individuals' and organizations' perceptions of privacy and security color their decision making; how can we move towards a more secure information infrastructure and code base while accounting for the incentives of stakeholders? |
| economics of cyber security: Economics and National Security Dick K. Nanto, 2011-03 Contents: (1) National Security (NS) and the Congressional Interest; 21st Century Challenges to NS; (2) The Role of the Economy in U.S. NS; Macroecon. and Microecon. Issues in NS; (3) Economic Growth and Broad Conceptions of NS: Human Capital; Research, Innovation, Energy, and Space; (4) Globalization, Trade, Finance, and the G-20; Instability in the Global Economy; Savings and Exports; Boosting Domestic Demand Abroad; Open Foreign Markets to U.S. Products and Services; Build Cooperation with International Partners; Deterring Threats to the International Financial System; (5) Democracy, Human Rights, and Development Aid; Sustainable Development. Charts and tables. This is a print on demand publication. |
| economics of cyber security: The Oxford Handbook of Cyber Security Paul Cornish, 2021-11-04 Cyber security is concerned with the identification, avoidance, management and mitigation of risk in, or from, cyber space. The risk concerns harm and damage that might occur as the result of everything from individual carelessness, to organised criminality, to industrial and national security espionage and, at the extreme end of the scale, to disabling attacks against a country's critical national infrastructure. However, there is much more to cyber space than vulnerability, risk, and threat. Cyber space security is an issue of strategy, both commercial and technological, and whose breadth spans the international, regional, national, and personal. It is a matter of hazard and vulnerability, as much as an opportunity for social, economic and cultural growth. Consistent with this outlook, The Oxford Handbook of Cyber Security takes a comprehensive and rounded approach to the still evolving topic of cyber security. The structure of the Handbook is intended to demonstrate how the scope of cyber security is beyond threat, vulnerability, and conflict and how it manifests on many levels of human interaction. An understanding of cyber security requires us to think not just in terms of policy and strategy, but also in terms of technology, economy, sociology, criminology, trade, and morality. Accordingly, contributors to the Handbook include experts in cyber security from around the world, offering a wide range of perspectives: former government officials, private sector executives, technologists, political scientists, strategists, lawyers, criminologists, ethicists, security consultants, and policy analysts. |
| economics of cyber security: Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications Management Association, Information Resources, 2018-05-04 Cyber security has become a topic of concern over the past decade as private industry, public administration, commerce, and communication have gained a greater online presence. As many individual and organizational activities continue to evolve in the digital sphere, new vulnerabilities arise. Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications contains a compendium of the latest academic material on new methodologies and applications in the areas of digital security and threats. Including innovative studies on cloud security, online threat protection, and cryptography, this multi-volume book is an ideal source for IT specialists, administrators, researchers, and students interested in uncovering new ways to thwart cyber breaches and protect sensitive digital information. |
| economics of cyber security: The Digital Economy Don Tapscott, 1996 Looks at how the Internet is affecting businesses, education, and government, touching on the twelve themes of the new economy and privacy issues |
| economics of cyber security: The Fourth Industrial Revolution Klaus Schwab, 2017-01-03 World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress. |
| economics of cyber security: Cyber Security Michael P. Gallaher, Albert N. Link, Brent Rowe, 2008-01-01 The role of the government in implementing security measures in cyberspace is examined in this textbook, which was designed for practical use by IT security specialists and managers in both the public and private sectors. Link (U. of North Carolina, Green |
Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, and consumption of goods and services. [3] [4]Economics focuses on …
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Economics - Wikipedia
Economics (/ ˌ ɛ k ə ˈ n ɒ m ɪ k s, ˌ iː k ə-/) [1] [2] is a behavioral science that studies the production, distribution, and consumption of goods and services. [3] [4]Economics focuses on …
Economics Defined With Types, Indicators, and Systems
Jun 28, 2024 · Economics is a branch of the social sciences focused on the production, distribution, and consumption of goods and services. Microeconomics is a type of economics …
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May 12, 2025 · economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of …
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In economics, a transfer is a payment of money without any goods or services being exchanged in return. Governments make transfers in the form of welfare benefits but individuals make …
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Economics is a broad discipline that helps us understand historical trends, interpret today’s headlines, and make predictions about the coming years. Economics ranges from the very …
What is Economics? Definition of Economics, Economics …
Economics Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and well-being over time, and …
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