Information security economics: cyber security threats

Hojda Mihaela Hortensia ()
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Hojda Mihaela Hortensia: The Valahia University of Târgovişte, Târgovişte, Romania

Proceedings of the International Conference on Business Excellence, 2022, vol. 16, issue 1, 584-592

Abstract: This article takes into consideration cyber security economics to understand whether cyber security and economics is a partnership among equals or any of these two disciplines have the upper hand. Cyber security economics is more than just computer science, security studies and economics in a holistic way, it is a dynamic cross disciplinary matter involving psychology, forensic, sociology, etc. The argument is that there is no clear definition of cybersecurity, apart from a set of protocols that are highly technical, and when it comes to cyber security economics Gordon-Loeb model provides a good picture on the general image over the industry, yet, much more is ignored, as the costs of a cyber security attack to succeed is huge, save the hidden costs and other externalities. Apart from regulation establishing a common ground, information security economics is an under researched field of interest, especially as digital sovereignty act is about to be voted for, together with common rules Information security.

Keywords: cyber security; phishing; Gordon–Loeb model (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:16:y:2022:i:1:p:584-592:n:31

DOI: 10.2478/picbe-2022-0056

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