TY - CHAP
T1 - An introduction to key themes in the economics of cyber security
AU - Gandal, Neil
PY - 2007
Y1 - 2007
N2 - Software security is an important concern for vendors, consumers, and regulators since attackers who exploit vulnerabilities can cause significant damage. In this brief paper, I discuss key themes in the budding literature on the economics of cyber-security. My primary focus is on how economics incentives affect the major issues and themes in information security. Two important themes relevant for the economics of cyber security issues are (i) a security externality and (ii) a network effect that arises in the case of computer software. A nascent economics literature has begun to examine the interaction between vulnerability disclosure, patching, product prices and profits.
AB - Software security is an important concern for vendors, consumers, and regulators since attackers who exploit vulnerabilities can cause significant damage. In this brief paper, I discuss key themes in the budding literature on the economics of cyber-security. My primary focus is on how economics incentives affect the major issues and themes in information security. Two important themes relevant for the economics of cyber security issues are (i) a security externality and (ii) a network effect that arises in the case of computer software. A nascent economics literature has begun to examine the interaction between vulnerability disclosure, patching, product prices and profits.
UR - http://www.scopus.com/inward/record.url?scp=84898259508&partnerID=8YFLogxK
U2 - 10.4018/978-1-59140-991-5.ch010
DO - 10.4018/978-1-59140-991-5.ch010
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AN - SCOPUS:84898259508
SN - 9781591409915
SP - 78
EP - 82
BT - Cyber Warfare and Cyber Terrorism
PB - IGI Global
ER -