G20 action on the digital economy: Addressing market failures to improve the health of the digital infrastructure

Paul Twomey

No 2017-98, Economics Discussion Papers from Kiel Institute for the World Economy (IfW Kiel)

Abstract: Market failures are resulting in network operators and device manufacturers not being incentivized to ensure improved cyber security practices in their operations. The result is a large global base of vulnerable computers, modems/routers and Internet of Things devices which can be manipulated by Cyber criminals. Practical recommendations are made as to how governments could address these market failures (with low-cost to government) and significantly improve the health of the cyber ecosystem.

Keywords: market failures; Internet of Things; internet service providers; cyber security (search for similar items in EconPapers)
JEL-codes: L1 L2 (search for similar items in EconPapers)
Date: 2017
New Economics Papers: this item is included in nep-ict
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https://www.econstor.eu/bitstream/10419/171373/1/1005595755.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifwedp:201798

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