Not all cyber theft, nor remedies, are equal for the economy - 0 views
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Envisage Technologies on 13 Dec 13Allan Friedman, Austen Mack-Crane and Ross Hammond say they developed a preliminary model to look at the long-term consequences of data theft on diverse economic sectors. Their approach depends on treating cyber theft not as a problem of stolen assets worth an intrinsic value, but as one of diminished future growth. When so framed, the effect that stolen data has on companies within a sector--the ones the preliminary model investigates are the chemical, pharmaceutical, financial, consumer mobile phone and semi-conductor industry--depends on what type of data is stolen and the competitive nature of those sectors.