Cyber Security : Why Economics Is Overcoming Law Essay

The actual increasing nature connected with treats and vulnerabilities not just affects specific businesses and their particular consumers, nevertheless in concert this treats present a chronic economical and countrywide stability problem. Since the review clarified, revealing obligation to protect cyber security across all pertinent significant can be growing to be ever more critical. Research equipment usually are extreme and significantly

The Cybersecurity Act of 2012 and its revised version S.3414 addressed several cyber security needs, which have been often overlooked or opposed. The nation stands vulnerable to cyber-attacks, as everyday technology is revamped and upgraded, while laws to protect the nation creep slowly through Congress. Many politicians have argued that these bills have imposed too much regulation on the cyber world and therefor oppose it (CITATION NEEDED). Congress needs to pass laws and regulations if they wish to help protect the nation from the growing threat of cyber-attacks, which can easily cripple the United States from across the globe. The Quadrennial Homeland Security Review Report reveals that the threat of cybercrime is a growing concern.

Cyber security, also referred to as information technology security, focuses on protecting computers, networks, software programs and data from unintended or unauthorized access, change or destruction. Post 9/11 and other terrorist attacks, the United States grows its endeavors to repulse cyberattacks, U.S. corporate organizations and the government agencies wind up in strife over how to adjust to new methods of security and privacy. The current state of security measure protocols and privacy policies placed by the US government in cyberspace raises concerns for the 99%. This is due to the recent cyber-attacks on American corporate organization systems and government alike, where their digital information and network infrastructures within the systems were compromised, and personal data was hacked and stolen.

The Internet permits clients to assemble, store, prepare, and exchange immense measures of information, including restrictive and delicate business, value-based, and individual information. While organizations and buyers depend more on such capacities, cybersecurity dangers keep on plagueing the Internet economy. Cybersecurity dangers develop as quickly as the Internet extends, and the related dangers are turning out to be progressively worldwide. Staying ensured against cyber security dangers requires all clients, even the most modern ones, to know about the dangers and enhance their security hones on a continuous premise. Making motivators to inspire all gatherings in the Internet economy to make suitable security ventures requires specialized and open arrangement measures that are painstakingly adjusted to uplift cybersecurity without making boundaries to development, monetary development, and the free stream of data.

We all know that cyber security is something of great importance to anyone trying to protect their network assets, customer assets, and personal assets. The list of possible risks associated with neglecting to practice good cyber security are endless, and the dangers lurking out in

Evaluating the various laws, regulations, and legal concepts specific to cybersecurity and how it relates to managerial decisions within the private sector, in addition to the ability of protecting national security is a frequent topic of discussion within the cybersecurity, government and private sector communities. Although this topic is often debated, there is no true right or wrong response to how managerial decisions should be made when discussing cybersecurity. Ultimately, the decision to have government intervene in private industry regarding cybersecurity issues may rest with popular demand and/or private industry voluntarily accepting government recommendations. While technology is consistently changing and advancing, government laws

Throughout the United States today there are many attempted hacks going on right now, most unsuccessful, but some are successful. Major businesses as well as minor businesses have had to invest in a good security systems and making backups of data to protect themselves, as well as their clients, from attempted hacking and the risk of sensitive information being leaked out ( such as social security or credit card numbers). As a result, there needed to be more action taken up against hackers, which brought up the demand for laws and regulations. New cyber security laws are being passed to stop or trace hackers back to their initial roots. However, these new laws, invade citizen’s

Cyberysecurity is the hot topic of talks among governmental agencies, businesses, individuals, and the global community as a whole. Recent high profile attacks, such as Target, Sony, SWIFT, and the US government, has brought great attention and awareness to this topic. The White House has been raising awareness on its website with an article posted February 2, 2016 by Lisa O. Manaco to drive the White House 's position on cybersecurity. The administration is trying to build improvements to the nation 's cybersecurity. Cybersecurity is broad due to its vast and unpredictable nature. Its scary to think that cybersecurity is the future of warfare. When president Obama got elected he

People across the world are becoming disproportionately dependent on modern day technology, which results in more vulnerability to cyber-attacks including cybersecurity breaches. Today, the world continues to experience inordinate cases of cybersecurity meltdowns. There is a rapid growth in complexity and volume of cyber-attacks, and this undermines the success of security measures put in place to make the cyberspace secure for users. Cyber-attacks on both private and public information systems are a major issue for information security as well as the legal system. While most states require government organizations and certain federal vendors to report incidences of data breaches, no equivalent legislation exists to cover private entities.

Although, governments and businesses have spent billions of dollars on IT to protect their information, Medias highlights that the number of cyber fraud and cyber attacks by nation states, criminals, and hacktivists is accelerating. ( Ezingeard, McFadzean, & Birchall, 2005)

The role of computers in business operations is growing with each wake. Computers have helped entities boost efficiency, speed up service and product delivery and take consumer interaction to another level. However, this new wave has not come without its challenges. Cybercrimes pose a threat to information security and privacy, which is a concern for private and public institutions alike. The United States has developed laws that seek to regulate and improve cyber security across public and private institutions, in an endeavor to ensure national security. Therefore, managers have a new task during the process of decision making as they no longer need to look at their own

The challenges that organizations face today lays in security both physical and logical. Having good physical security in place is just as important as having those logical controls. Organizations today need both having one without the other

Cyber-attacks are constantly becoming a critical issue for government systems and for businesses around the world. In fact, the cyber challenges that we see today play a huge political factor for government sectors. The U.S is constantly facing these cyber security threats that jeopardize America’s critical infrastructure and the freedoms that many Americans express online (Bucci, S., Rosenzweig, P., & Inserra, D. 2013). These challenges that are taking a political factor can also be seen in other countries as well and governments need to cooperate together to mitigate these challenges. In addition, cybersecurity challenges can also play a social factor as well for the world. With the increasing amount of devices connecting to the internet, cyber criminals are able to cause massive harm to users around the world. In fact, “21% of internet users have had an email or social networking account compromised or taken over by someone else without permission” (Ranine, L., Kiesler, S., Kang, R., & Madden, M. 2013). It is important for people to cooperate with each other by being more aware and enforce good security practices when they are on the web. There is also one more cybersecurity challenge that plays an economical factor in today’s world. In fact, the average total cost of a data breach increased by 23% with a total of $3.93 million (Ponemon, L. 2015). It is important to have a global cooperation about these cyber challenges so that we can address these challenges in a smart

Every state in the nation should have a comprehensive IT security policy due to the “growing array of state and non-state actors are compromising, stealing, changing, or destroying information and could cause critical disruptions to U.S. systems” ("Cyberspace policy RevIew", 2016). Because of “ the dual challenge of maintaining an environment that promotes efficiency, innovation, economic prosperity, and free trade while also promoting safety, security, civil liberties, and privacy rights” ("Cyberspace policy RevIew", 2016). It is the responsibility of state and the federal government “ to address strategic vulnerabilities in cyberspace and ensure that the United States and the world realize the full potential of the information technology revolution” ("Cyberspace policy RevIew", 2016).

Cybercrime has become a fast growing concern for the 21st century as businesses, institutions and individuals grow into an interconnected web of computer networks. Online business transactions, along with the sharing of personal information, are vulnerable to a host of disasters that can reap economic and social havoc. Some sources say that today, cybercrime costs more than $1.0 trillion to society--Global Industry Analysts, Inc. forecasted the world cyber security market to reach $80 billion by 2017 (Gale, 2011).