Economic Implications of Cyber Security Discussed in Tallinn

The NATO Cooperative Cyber Defence Centre of Excellence workshop Economic Foundations of Cyber Security Strategies brought together distinguished experts from the United Kingdom, United States, Germany, the Netherlands, France and Estonia last week.

The discussions focused on the elaboration of cyber security strategies and their implications from the economic perspective. In particular, the workshop aimed for an interdisciplinary approach, bringing together experts from different areas.

The opening debate addressed resources necessary for implementing cyber security strategies. A second session addressed the roles of states with a follow-up discussion on assessing the efficiency of these policies, including the clear need to establish metrics and evaluate the balance between the cost and expected outcomes of cyber security. Last but not least, the session regarding cyber security industrial complex discussed the industrial aspects of cyber security and how this may play in order to create economic benefits and furthermore, the creation of new standards.

A follow-up workshop will be held in Tallinn in May 2015 as part of the CyCon conference that will bring together policy, legal and economic perspectives on the elaboration of cyber security strategies. A publication based on these discussions is to be published by the end of 2015. 

View the photo gallery online here.