2021/07/08 by Gregory Falco, Falco, Gregory, Paul Cornish +25
Computer Science · Social Sciences · #Computers and Society (cs.CY) #Cryptography and Security (cs.CR) #Cybercrime and Law Enforcement Studies #Cybersecurity and Cyber Warfare Studies #FOS: Computer and information sciences #Information and Cyber Security
paper · pdf · doi:10.48550/arxiv.2107.14065
openalex publication_date 2021/07/08 · openalex created_date 2022/07/25 · openalex updated_date 2026/07/28
Spending on cybersecurity products and services is expected to top 123\nbillion U.S. dollars for 2020, more than double the 55 billion U.S. dollars\nspent in 2011.1 In that same period, cyber breaches quadrupled. Organizations\nglobally face increasing liabilities, while boards of directors grapple with a\nseemingly Sisyphean challenge. Cyber Crossroads was born out of these alarming\ntrends and a realization that the world cannot go on funneling finite resources\ninto an indefinite, intractable problem. Cyber Crossroads brings together\nexpertise from across the world, spanning aspects of the cyber problem\n(including technology, legal, risk, and economic) with the goal of creating a\nCyber Standard of Care built through a global, not-for-profit research\ncollaborative with no commercial interests. A Cyber Standard of Care should be\napplicable across industries and regardless of the organization size. It should\nbe practical and implementable, with no requirement to purchase any\nproduct/service. Cyber Standard of Care should be woven into the existing\ngovernance fabric of the organization and it should not be yet another\ntechnical checklist, but a process/governance framework that can stand over\ntime. To achieve this, we engaged with cyber risk experts and practitioners\nwith a variety of relevant expertise, secured the advice/guidance of regulators\nand legal experts across jurisdictions, and interviewed leaders from 56\norganizations globally to understand their challenges and identify best\npractices.\n