Our overarching thematic focus is to explore the economic dimensions that underpin cybersecurity in society, organisations, and digital markets with the aim of building a shared understanding of how economic factors shape cyber risk, resilience, and innovation. Within this objective the SIG will seek to understand the variation within markets (individuals, SMEs, large firms, CNIs) along with the value-at-risk for the data and infrastructures in each case. The SIG will also consider the costs and benefits from the “perpetrators’” end which motivate the increases in incidents and create the need for enforcement, audits and regulatory actions.
Key aims
Incentives and behaviour
Such as looking at economic drivers, market failures, skills shortage, information asymmetries regarding risks and benefits of cyber, behavioural dynamics influencing individuals and organisations decisions in cyber.
Measurement and valuation
Define, measure, and communicate the economic impacts of cyber incidents; further the group will look into the impact of fines and audits in this dimension as shown in previous data protection literature.
Policy and regulation
Exploring the role of economic analysis in informing the design of effective cybersecurity policy, standards, and governance mechanisms; within this topic the macro, labour and micro implications of various regulations will be considered including the potential trade-offs between increased security and the crowding-out of investment or declining firm entry.
Innovation priorities, government support and investment shortfall
Given the vested interests across the digital economy supply chain, what is the optimal way forward for targeted innovation efforts and government support? For example, how cyber interacts with digital transformation, productivity, broader economy and emerging tech.
Main contacts
Prof Siraj Shaikh,
Professor in Systems Security, Swansea University
Dr Marta Fernandez De Arroyabe Arranz,
Deputy Director IADS & Reader, University of Essex
Dr Pantelis Koutroumpis,
Lead Economist & Director of the Programme of Technological and Economic Change,
Oxford Martin School, University of Oxford
Dr Simon Parkin,
Assistant Professor in the TPM Cybersecurity Group, TU Delft
Dr Neeshe Khan,
Research Fellow in Cyber Security, University of Nottingham
Upcoming events
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