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In the United States, identity theft resulted in corporate and consumer losses of $56 billion dollars in 2005, with up to 35 percent of known identity thefts caused by corporate data breaches. Many states have responded by adopting “data breach disclosure laws” that require firms to notify...
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Privacy and security tools can help users protect themselves online. Unfortunately, people are often unaware of such tools, and have potentially harmful misconceptions about the protections provided by the tools they know about. Effectively encouraging the adoption of privacy tools requires...
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While the effectiveness of nudges in influencing user behavior has been documented within the literature, most prior work in the privacy field has focused on ‘one-size-fits-all’ interventions. Recent behavioral research has identified the potential of tailoring nudges to users by leveraging...
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Economics offer different but complementary approaches to understanding privacy and security. For this inaugural contribution to the new In Our Orbit department, I was asked to explain briefly their methodological differences and similarities, and why they matter in our thinking about security...
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When card data is exposed in a data breach but has not yet been used to attempt fraud, the overall social costs of that breach depend on whether the financial institutions that issued those cards immediately cancel them and issue new cards or instead wait until fraud is attempted. This article...
Persistent link: https://www.econbiz.de/10013310831
In 356 B.C., a man started a fire that destroyed the temple of Artemis at Ephesus—one of the seven wonders of the ancient world. Captured by the citizens of the town and sentenced to death, he boasted that the arson had been motivated by the desire to gain fame and immortality. Today, like...
Persistent link: https://www.econbiz.de/10013314363