How Businesses Can Promote Cyber Peace

Scott Shackelford, Timothy L. Fort, Jamie Darin Prenkert
2014 Social Science Research Network  
Multifaceted cyber threats are increasingly impacting the bottom lines of firms, and spilling over into larger issues of geopolitical importance, including international security. 1 Firms, and in particular their managers and boards of directors, are at the epicenter of this storm, but so far surveys have revealed that few businesses are taking the necessary steps to safeguard their private data and enhance cybersecurity. 2 This state of affairs has ramifications beyond these company's
more » ... As Howard A. Schmidt, the former U.S. Cybersecurity Coordinator, stated: "[W]hile there is a cost to doing more to improve cybersecurity, there is a bigger cost if we do not and that cost is measured not only in dollars, but in national security and public safety." 3 There is a rich literature on how the private sector can
doi:10.2139/ssrn.2393528 fatcat:m6mgdufanfc2hbnjibakpsmowi