Cyber-Security aus ordnungspolitischer Sicht: Verfügungsrechte,Wettbewerb und Nudges

From an economic point of view, the problem of cyber security is not primarily a technological challenge but one based on misaligned incentives. When market participants do not bear the full costs of their negligent behaviour in digital transactions, the market outcome tends to be inefficient. In this article, the authors argue that one of the main reasons for a lack of investment in digital security is the lack of property rights for personal data in the internet. They argue that the right institutional environment can lead to a market for data that would spark a reputational competition for computer security technologies. Effective antitrust law and behaviourally informed policies can lead to further welfare improvements in digital markets.