Institutions, Laws and Policies
This chapter provides an overview of the economics of security covering models that helped define economic-based models for the Internet economy from the 1990s, and trying to identify gaps in models’ structures and implementation. The chapter also covers the development of cybersecurity policies and strategies in the various economic blocs in developing and emerging economies. Content analysis of cybersecurity policies of the 63 countries in our sample is performed based on five constructs identified by the authors: economic, political, social, technical and political. Countries are assessed based on those constructs and the results are published in five tables. The discussion then moves to formulate the hypotheses dealing with possible determinants believed to determine the levels of quality, maturity and compliance of a country’s cybersecurity policies with international standards.
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