Economics at your fingertips  

Economics of Cyber Security and the Way Forward

Taiseera Al Balushi, Saqib Ali and Osama Rehman
Additional contact information
Taiseera Al Balushi: Sultan Qaboos University, Muscat, Oman
Saqib Ali: Sultan Qaboos University, Muscat, Oman
Osama Rehman: Bahria University, Karachi, Pakistan

International Journal of Cyber Warfare and Terrorism (IJCWT), 2016, vol. 6, issue 4, 41-57

Abstract: Initiatives carried by companies, institutes and governments to flourish and embellish the Information and Communication Technology (ICT) among the public have led to its penetration into every walk of life. ICT enhances the efficiency of various systems, such as the organisation and transfer of data. However, with the digital and remote access features of ICT comes the motivation towards financial, political and military gains by rivals. Security threats and vulnerabilities in existing ICT systems have resulted in cyber-attacks that are usually followed by substantial financial losses. This study discusses the security in ICT from a business, economic and government perspective. The study makes an attempt to understand the seriousness of the security issues and highlights the consequences of security breech from an economic perspective. Based on the performed analysis, the factors behind these attacks are provided along with recommendations for better preparations against them.

Date: 2016
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... 018/IJCWT.2016100104 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in International Journal of Cyber Warfare and Terrorism (IJCWT) from IGI Global
Bibliographic data for series maintained by Journal Editor ().

Page updated 2019-11-24
Handle: RePEc:igg:jcwt00:v:6:y:2016:i:4:p:41-57