The latest grant project titled ‘Cybersecurity and Data Sharing Incentives: Implications for Business and Regulators’ aimed to translate research into cybersecurity incentives and regulation into actionable insights for businesses and regulators. As an output of the project the team produced a new website and a series of short animated videos that convey in a non-technical manner how understanding firms’ interlinked decision making in the areas of cybersecurity (secure hardware adoption), data sharing and competition leads to improved business strategies and effective cybersecurity regulation.
"Our previous research has examined the complexities of data privacy and cybersecurity in digital markets using game theory", said Dr Wynne Lam, Senior Lecturer in Business Economics and co-lead of the project.
"We are now focusing on gaining a deeper understanding of the competitive environment – specifically, the complex, interdependent relationships between cyber security, data sharing, and competition. By modelling economic factors that affect cybersecurity outcomes, our project produces accessible insights that are applicable to both policy and business strategy. This approach can support businesses to determine the most effective security measures for reducing risk and helps regulators balance the needs of consumers and companies."
The project team are keen to extend an invite to colleagues from a business or regulatory background to get in touch about potential collaborations. To learn more about this project and to get involved, visit the Cyber Economics Insight external website.
Wynne Lam
Senior Lecturer in Business Economics and Programme Director MSc Banking Innovation & Risk Analytics