The State of Economics of Information Security
L. Jean Camp · Faculty Digital Archive (New York University Florence) · 2006
This article discusses the emergence of a new area of study, known as economics of information security, by describing the initial work in this field.The article notes that economics of information security utilizes technical, business, policy, and applied perspectives, and workshops focused on economics of information security facilitated the coordination of work in this area of study.Next, the article provides an overview of a selection of the work in economics of information security's major areas of inquiry, which include: the role of insurance, the optimal construction of a market for vulnerabilities, the strategic role of security in the firm, the economics of privacy, the role of individual incentives, and the economics of digital rights management.Finally, this article introduces four of the current contributions to the field of economics of information security, which appear in this I/S issue on cybersecurity.