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Cybercrime encompasses a wide range of criminal activities that are carried out using digital devices and/or networks.These crimes involve the use of technology to commit fraud, identity theft, data breaches, computer viruses, scams, and expanded upon in other malicious acts. [1]
The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation of 34 countries founded in 1961 to stimulate economic progress and world trade. In 1990, the Information, Computer and Communications Policy (ICCP) Committee created an Expert Group to develop a set of guidelines for information security ...
Economics of securities addresses individual and organizational decisions and behaviors with respect to security and privacy as market decisions. Economics of security addresses a core question: why do agents choose technical risks when there exists technical solutions to mitigate security and privacy risks?
The Gordon–Loeb model is an economic model that analyzes the optimal level of investment in information security. The benefits of investing in cybersecurity stem from reducing the costs associated with cyber breaches. The Gordon-Loeb model provides a framework for determining how much to invest in cybersecurity, using a cost-benefit approach.
The optimal level of cyber-security depends largely on the incentives facing providers and the incentives facing perpetrators. Providers make their decision based on the economic payoff and cost of increased security whereas perpetrators decisions are based on the economic gain and cost of cyber-crime.
Cyber sanctions are defined as the economic and financial measures intended to change the behaviors of targets using malicious cyber activities and/or intrusions. Since cyber sanctions regimes are used by countries, these instruments are used predominantly by countries. [ 1 ]
Although supply chain attack is a broad term without a universally agreed upon definition, [7] [8] in reference to cyber-security, a supply chain attack can involve physically tampering with electronics (computers, ATMs, power systems, factory data networks) in order to install undetectable malware for the purpose of bringing harm to a player ...
The Cyber Division (CyD) is a Federal Bureau of Investigation division which heads the national effort to investigate and prosecute internet crimes, including "cyber based terrorism, espionage, computer intrusions, and major cyber fraud." This division of the FBI uses the information it gathers during investigation to inform the public of ...