Economics and Incentives Driving IoT Privacy and Security, Pt. 2
Erin E. Kenneally · IEEE Internet of Things Magazine · 2019
In summary, just as sensors and actuators effectuate data in the loT, risk economics effectuate privacy and security risk controls in the loT. Privacy and security in the loT depend on sensors (awareness and control of data collection, use and disclosure) and actuators (law and market enforcement functions) to precipitate underlying rights and interests. Key economic challenges to sensing and actuating privacy and security in the loT include: information asymmetries, incentives, uncertain costs and benefits, and enforcement We still have an opportunity to avert Groundhog Day relative to how security and privacy has played out on the Internet stage by tackling these issues head on in the development and deployment of loT.