Economics of cyber security and the way forward

Research output: Chapter in Book/Report/Conference proceedingChapter

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.

Original languageEnglish
Title of host publicationCyber Security and Threats
Subtitle of host publicationConcepts, Methodologies, Tools, and Applications
PublisherIGI Global
Pages132-150
Number of pages19
ISBN (Electronic)9781522556350
ISBN (Print)1522556346, 9781522556343
DOIs
Publication statusPublished - May 4 2018

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Economics
Communication
Industry

ASJC Scopus subject areas

  • Computer Science(all)

Cite this

Al Bulushi, T., Ali, S., & Rehman, O. (2018). Economics of cyber security and the way forward. In Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications (pp. 132-150). IGI Global. https://doi.org/10.4018/978-1-5225-5634-3.ch008

Economics of cyber security and the way forward. / Al Bulushi, Taiseera; Ali, Saqib; Rehman, Osama.

Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications. IGI Global, 2018. p. 132-150.

Research output: Chapter in Book/Report/Conference proceedingChapter

Al Bulushi, T, Ali, S & Rehman, O 2018, Economics of cyber security and the way forward. in Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications. IGI Global, pp. 132-150. https://doi.org/10.4018/978-1-5225-5634-3.ch008
Al Bulushi T, Ali S, Rehman O. Economics of cyber security and the way forward. In Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications. IGI Global. 2018. p. 132-150 https://doi.org/10.4018/978-1-5225-5634-3.ch008
Al Bulushi, Taiseera ; Ali, Saqib ; Rehman, Osama. / Economics of cyber security and the way forward. Cyber Security and Threats: Concepts, Methodologies, Tools, and Applications. IGI Global, 2018. pp. 132-150
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