The Law and Economics of Cybersecurity

by Grady, Mark F.; Parisi, Francesco

• ISBN13: 9781107403109
• ISBN10: 1107403103
• Edition: Revised
• Format: Paperback
• Copyright: 2011-08-18
• Publisher: Cambridge Univ Pr

Summary

Cybersecurity is a leading national problem for which the market may fail to produce a solution. The ultimate source of the problem 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. Originally published in 2006, 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 twenty-first-century problems created by information technology and the globalization of markets.

Table of Contents

Problems

Private versus social incentives in cybersecurity, law and economics

A model for when disclosure helps security: what is different about computer and network security?

Peer production of survivable critical infrastructures

Cyber security: of heterogeneity and autarchy

Network responses to network threats: the evolution into private cybersecurity associations

The dark side of private ordering for cybersecurity

Holding Internet Service Providers accountable

Global cyberterrorism, jurisdiction, and international organization

Table of Contents provided by Publisher. All Rights Reserved.