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Short Course Online

Cyber Security Economics

Delft University of Technology (TU Delft)

70 days
Duration
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Tuition fee
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About

This Cyber Security Economics course provides an introduction to the field of cybersecurity through the lens of economic principles. The Cyber Security Economics program is offered by the Delft University of Technology (TU Delft).  

Overview

Delivered by four leading research teams, Cyber Security Economics will provide you with the economic concepts, measurement approaches and data analytics to make better security and IT decisions, as well as understand the forces that shape the security decisions of other actors in the ecosystem of information goods and services.

Systems at Delft University of Technology (TU Delft) often fail because the organizations that defend them do not bear the full costs of failure. In order to solve the problems of growing vulnerability to computer hackers and increasing crime, solutions must coherently allocate responsibilities and liabilities so that the parties in a position to fix problems have an incentive to do so. This requires a technical comprehension of security threats combined with an economic perspective to uncover the strategies employed by cyber hackers, attackers and defenders.

The course covers five main areas:

  • Introduction to key concepts in security economics. Here, we provide an overview of how information security is shaped by economic mechanisms, such as misaligned incentives, information asymmetry, and externalities.
  • Measuring cybersecurity. We introduce state of the art security and IT metrics and conceptualize the characteristics of a security metric, its challenges and advantages.
  • Economics of information security investment. We discuss and apply different economic models that help determine the costs and benefits of security investments in network security.
  • Security market failures. We discuss market failures that may lead to cybersecurity investment levels that are insufficient from society's perspective and other forms of unsafe behaviour in cyber space.
  • Behavioural economics for information security, policy and regulation. We discuss available economic tools to better align the incentives for cybersecurity, including better security metrics, cyber insurance/risk transfer, information sharing, and liability assignment.
  • After finishing this course, you will be able to apply economic analysis and data analytics to cybersecurity. You will understand the role played by incentives on the adoption and effectiveness of security mechanisms, and on the design of technical, market-based, and regulatory solutions to different security threats.

     The Cyber Security Economics program is offered by the Delft University of Technology (TU Delft).  

    Programme Structure

    What you'll learn:

    • Sound understanding of the economics of cybersecurity as a systems discipline, from security policies (modelling what ought to be protected) to mechanisms (how to implement the protection goals).
    • How to design security metrics to capture information security issues.
    • How the design of effective policies to enhance and maintain cybersecurity must take into account a complex set of incentives facing not only the providers and users of the Internet and computer software, but also those of potential attackers.

    Key information

    Duration

    • Part-time
      • 70 days

    Start dates & application deadlines

    You can apply for and start this programme anytime.

    Language

    English

    Delivered

    Online

    Academic requirements

    We are not aware of any academic requirements for this programme.

    English requirements

    We are not aware of any English requirements for this programme.

    Other requirements

    General requirements

    • This is a Massive Open Online Course (MOOC) that runs on EdX. Familiarity with basic concepts of information security is recommended.

    Tuition Fee

    To alway see correct tuition fees
    • International

      Free
      Tuition Fee
      Based on the tuition of 0 EUR for the full programme during 70 days.
    • EU/EEA

      Free
      Tuition Fee
      Based on the tuition of 0 EUR for the full programme during 70 days.

    Funding

    Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

    Our partners

    Cyber Security Economics
    -
    Delft University of Technology (TU Delft)

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