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A Macro‐Economic Framework for Evaluation of Cyber Security Risks Related to Protection of Intellectual Property

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  • Eva Andrijcic
  • Barry Horowitz

Abstract

The article is based on the premise that, from a macro‐economic viewpoint, cyber attacks with long‐lasting effects are the most economically significant, and as a result require more attention than attacks with short‐lasting effects that have historically been more represented in literature. In particular, the article deals with evaluation of cyber security risks related to one type of attack with long‐lasting effects, namely, theft of intellectual property (IP) by foreign perpetrators. An International Consequence Analysis Framework is presented to determine (1) the potential macro‐economic consequences of cyber attacks that result in stolen IP from companies in the United States, and (2) the likely sources of such attacks. The framework presented focuses on IP theft that enables foreign companies to make economic gains that would have otherwise benefited the U.S. economy. Initial results are presented.

Suggested Citation

  • Eva Andrijcic & Barry Horowitz, 2006. "A Macro‐Economic Framework for Evaluation of Cyber Security Risks Related to Protection of Intellectual Property," Risk Analysis, John Wiley & Sons, vol. 26(4), pages 907-923, August.
    • Handle: RePEc:wly:riskan:v:26:y:2006:i:4:p:907-923
    DOI: 10.1111/j.1539-6924.2006.00787.x
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    Cited by:

    1. Omar, Yamila M. & Minoufekr, Meysam & Plapper, Peter, 2019. "Business analytics in manufacturing: Current trends, challenges and pathway to market leadership," Operations Research Perspectives, Elsevier, vol. 6(C).
    2. Zachary Walchuk & Kash Barker, 2013. "Analyzing interdependent impacts of resource sustainability," Environment Systems and Decisions, Springer, vol. 33(3), pages 391-403, September.
    3. Kash Barker & Joost R. Santos, 2010. "A Risk‐Based Approach for Identifying Key Economic and Infrastructure Systems," Risk Analysis, John Wiley & Sons, vol. 30(6), pages 962-974, June.
    4. Alexander A. Ganin & Phuoc Quach & Mahesh Panwar & Zachary A. Collier & Jeffrey M. Keisler & Dayton Marchese & Igor Linkov, 2020. "Multicriteria Decision Framework for Cybersecurity Risk Assessment and Management," Risk Analysis, John Wiley & Sons, vol. 40(1), pages 183-199, January.
    5. Natalie M. Scala & Allison C. Reilly & Paul L. Goethals & Michel Cukier, 2019. "Risk and the Five Hard Problems of Cybersecurity," Risk Analysis, John Wiley & Sons, vol. 39(10), pages 2119-2126, October.
    6. Gregory Levitin & Liudong Xing & Hong‐Zhong Huang, 2019. "Security of Separated Data in Cloud Systems with Competing Attack Detection and Data Theft Processes," Risk Analysis, John Wiley & Sons, vol. 39(4), pages 846-858, April.
    7. Andjelka Kelic & Zachary A. Collier & Christopher Brown & Walter E. Beyeler & Alexander V. Outkin & Vanessa N. Vargas & Mark A. Ehlen & Christopher Judson & Ali Zaidi & Billy Leung & Igor Linkov, 2013. "Decision framework for evaluating the macroeconomic risks and policy impacts of cyber attacks," Environment Systems and Decisions, Springer, vol. 33(4), pages 544-560, December.

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