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Economics of Security: Facing the Challenges

As highlights of this work, we would like to refer to the following essential elements which are further analysed in the following sections: - A comprehensive analysis of the broad area of Economics of Security and an analysis of open issues and pending activities in each area. - Identification of the relevant stakeholders, their role and the activities they should contribute to. - Identification of policy impact of the identified topics of Economics of security, thus providing a good basis for a dialogue at the European level, but also at the level of Member States and the international community. - Identification of the effect of business challenges - emanating from international developments in the market – to the topics of Economic of Security. Such challenges shed additional light to the expected acceptance of the identified topics within decision makers in both business and policy. - Priorities of the identified topics of Economics of Security from multiple perspectives such as policy, business, research and maturity level of underlying concepts. - Last but not least, with this effort ENISA attracted contributions from various important multidisciplinary experts who have supported the agency in this work. These experts are an important source of knowledge and networking in the field of Economics of Security.

Economics of Security: Stock Taking Analytical Results

ENISA has initiated this work on Economics of Security by means of a public consultation in order to assess the most important topics in the field from the relevant community. For this purpose, experts in this area have been contacted and their views on open issues in the area of Economics of Security have been assessed. Subsequently, ENISA invited over 90 experts to participate to the open stock taking exercise over an online tool. The objective was to: - Collect information on available material in the area of Economics of Security - Collect information on on-going work in this area - Deliver expert views in priorities, points of action and open issues for various kinds of stakeholders (e.g. Member States, Industry, Public Administration, European bodies, etc.). - Prioritize the emerged issues

Contributions from members of the Working Group on Economics of Security

This report contains all contributions from the members of the Working Group on Economics of Security. The contributions formed the basis for the assessment documented in the ENISA delilverable "Economics of Security: Facing the Challenges". The contributions of the working group though are of particular value because they analyse in-depth the topics that have been presented in the aforementioned concise report. Therefore they are presented in this document in their original form, that is, they have not undergone any editorial changes from the ENISA team. Apart from detailed information on each topic, the contributions contain detailed bibliographic references to relevant work.

Economic Efficiency of Security Breach Notification

This work is based on the findings of the report ‘Economics of Security: Facing the Challenges’. The highest prioritised area of Economics of Security that has been identified by the ENISA Working Group has been taken and further analysed. This area is ‘Information Sharing and Notification Schemes’. Thus, this work implements an ‘early win’ approach that has been decided by the ENISA team and approved by the ENISA management.

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