Panel summary: incentives, markets and information security

Authors:
Allan Friedman
Affiliations:
PhD Mailboxes, Kennedy School of Government, Harvard University, Cambridge, MA
Venue:
FC'05 Proceedings of the 9th international conference on Financial Cryptography and Data Security
Year:
2005

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Abstract

Economics and information security should be naturally related: the former deals with the value and distribution of scarce resources, while the latter focuses on protecting and controlling valued resources. Indeed, the observation that information security should be informed by economic theory is not new. Anderson [1] and others have explicitly highlighted the relationship, which can be seen as a natural progression from the economics of crime literature that dates back to the 1960s [2].