Review and comparison of US, EU, and UK regulations on cyber risk/security of the current Blockchain Technologies - viewpoint from 2023

Radanliev Petar

MPRA Paper from University Library of Munich, Germany

Abstract: The results of this study show that cybersecurity standards are not designed in close cooperation between the two major western blocks - US and EU. In addition, while the US is still leading in this area, the security standards for cryptocurrencies, internet-of-things, and blockchain technologies have not evolved as fast as the technologies have. The key finding from this study is that although the crypto market has grown into a multi-trillion industry, the crypto market has also lost over 70% since its peak, causing significant financial loss for individuals and cooperation’s. Despite this significant impact to individuals and society, cybersecurity standards and financial governance regulations are still in their infancy.

Keywords: Cyber Risk Assessment; Cloud Cybersecurity Standards; Financial Governance, DeFi, NIST; ISO27001; IoT; Blockchain Technologies, Metaverse, Cryptocurrencies. (search for similar items in EconPapers)
JEL-codes: A3 F3 F38 F5 F55 F6 G2 G21 G23 G28 (search for similar items in EconPapers)
Date: 2023, Revised 2023
New Economics Papers: this item is included in nep-ban, nep-pay and nep-reg
References: View references in EconPapers View complete reference list from CitEc
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:116885

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