Cyentia Cybersecurity Research Library
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U.S. Office of the President

Below you will find reports with the source of “U.S. Office of the President”

image from The Cost of Malicious Cyber Activity to the U.S. Economy

The Cost of Malicious Cyber Activity to the U.S. Economy

This report examines the substantial economic costs that malicious cyber activity imposes on the U.S. economy. Cyber threats are ever-evolving and may come from sophisticated adversaries. Due to common vulnerabilities, instances of security breaches occur across firms and in patterns that are difficult to anticipate. Importantly, cyberattacks and cyber theft impose externalities that may lead to rational underinvestment in cybersecurity by the private sectorrelative to the socially optimal level of investment. Firms in critical infrastructure sectors may generate especially large negative spillover effects to the wider economy. Insufficient data may impair cybersecurity efforts. Successful protection against cyber threats requires cooperation across firms and between private and public sectors.

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Added: November 16, 2018
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