An analysis of economic losses from cyberattacks: based on input–output model and production function
Abstract There has recently been a global increase in economic losses due to cyberattacks. However, research on the economic damage caused by cyberattacks has mainly focused on attacked companies, and spillover damage to other sectors has not been sufficiently investigated. This study analyzed the e...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2022-12-01
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| Series: | Journal of Economic Structures |
| Subjects: | |
| Online Access: | https://doi.org/10.1186/s40008-022-00286-4 |
| _version_ | 1797973705429614592 |
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| author | Akiyoshi Kokaji Atsuhiro Goto |
| author_facet | Akiyoshi Kokaji Atsuhiro Goto |
| author_sort | Akiyoshi Kokaji |
| collection | DOAJ |
| description | Abstract There has recently been a global increase in economic losses due to cyberattacks. However, research on the economic damage caused by cyberattacks has mainly focused on attacked companies, and spillover damage to other sectors has not been sufficiently investigated. This study analyzed the economic losses from cyberattacks in Japan using the production function and input–output model to improve the accuracy of damage prediction and various national measures. First, we provide an estimation method for the annual direct damage by industry using a production function. The mainstream input dataset is lost working hours owing to cyber incidents. Second, we devised a model to estimate the amount of spillover damage to the entire country using the input–output model. Third, although the cyber damage data were limited to only interview data by the JNSA and IPA, we showed the process of estimating direct and spillover damage in all sectors in Japan. As a result, we consider that our estimation method is feasible and effective at the national level. This study contributes to future research on cyber resilience by analyzing the damage caused by cyberattacks from a macroeconomic perspective using a production function and input–output model. |
| first_indexed | 2024-04-11T04:08:34Z |
| format | Article |
| id | doaj.art-7f2c2836ee894ca5b53dd3c466a27e71 |
| institution | Directory Open Access Journal |
| issn | 2193-2409 |
| language | English |
| last_indexed | 2024-04-11T04:08:34Z |
| publishDate | 2022-12-01 |
| publisher | SpringerOpen |
| record_format | Article |
| series | Journal of Economic Structures |
| spelling | doaj.art-7f2c2836ee894ca5b53dd3c466a27e712023-01-01T12:13:30ZengSpringerOpenJournal of Economic Structures2193-24092022-12-0111111710.1186/s40008-022-00286-4An analysis of economic losses from cyberattacks: based on input–output model and production functionAkiyoshi Kokaji0Atsuhiro Goto1Institute of Information SecurityInstitute of Information SecurityAbstract There has recently been a global increase in economic losses due to cyberattacks. However, research on the economic damage caused by cyberattacks has mainly focused on attacked companies, and spillover damage to other sectors has not been sufficiently investigated. This study analyzed the economic losses from cyberattacks in Japan using the production function and input–output model to improve the accuracy of damage prediction and various national measures. First, we provide an estimation method for the annual direct damage by industry using a production function. The mainstream input dataset is lost working hours owing to cyber incidents. Second, we devised a model to estimate the amount of spillover damage to the entire country using the input–output model. Third, although the cyber damage data were limited to only interview data by the JNSA and IPA, we showed the process of estimating direct and spillover damage in all sectors in Japan. As a result, we consider that our estimation method is feasible and effective at the national level. This study contributes to future research on cyber resilience by analyzing the damage caused by cyberattacks from a macroeconomic perspective using a production function and input–output model.https://doi.org/10.1186/s40008-022-00286-4Cyber securityInput–output modelProduction functionSpillover damage of cyberattacks |
| spellingShingle | Akiyoshi Kokaji Atsuhiro Goto An analysis of economic losses from cyberattacks: based on input–output model and production function Journal of Economic Structures Cyber security Input–output model Production function Spillover damage of cyberattacks |
| title | An analysis of economic losses from cyberattacks: based on input–output model and production function |
| title_full | An analysis of economic losses from cyberattacks: based on input–output model and production function |
| title_fullStr | An analysis of economic losses from cyberattacks: based on input–output model and production function |
| title_full_unstemmed | An analysis of economic losses from cyberattacks: based on input–output model and production function |
| title_short | An analysis of economic losses from cyberattacks: based on input–output model and production function |
| title_sort | analysis of economic losses from cyberattacks based on input output model and production function |
| topic | Cyber security Input–output model Production function Spillover damage of cyberattacks |
| url | https://doi.org/10.1186/s40008-022-00286-4 |
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