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The Law and Economics of Cybersecurity

Information Technology Law

The Law and Economics of Cybersecurity

Name: The Law and Economics of Cybersecurity
Brand: Cambridge University Press
SKU: 9780521855273
Price: 870.09 HKD
Availability: OutOfStock
Author: Mark F. Grady; Francesco Parisi
ISBN: 9780521855273

Edited by Mark F. Grady · Francesco Parisi

Cambridge University Press January 2006

Specifications

ISBN-13: 9780521855273
Publisher: Cambridge University Press
Publication: January 2006
Format: Hardback
Jurisdiction: U.K. ? Countri(es) for reference only

Details

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

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