The Economics of Cybersecurity

The book examines cybersecurity in today's digital world, emphasizing its integration into global national policies. With rising concerns post-corporate breaches, private sector organizations prioritize cybersecurity. The key economic question tackled is the optimal budget allocation for cybersecurity. The Gordon-Loeb model, a focal point in academia and practice, suggests an initial investment not exceeding 37% of expected damages from breaches. Spending should focus on areas yielding significant net benefits, considering diminishing returns. The book aims to explore the economics of cybersecurity, providing insights into optimal security investment. It contributes nuanced perspectives for scholars, practitioners, and decision-makers navigating the intersection of economics and cybersecurity in the contemporary digital landscape.