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UK Cybersecurity Industrial Policy: An Analysis of Drivers, Market Failures and Interventions

Carr, M; Tanczer, LM; (2018) UK Cybersecurity Industrial Policy: An Analysis of Drivers, Market Failures and Interventions. Journal of Cyber Policy , 3 (3) pp. 430-444. 10.1080/23738871.2018.1550523. Green open access

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Abstract

The United Kingdom (UK) forms the largest internet economy in the G20 and has the stated ambition of being the ‘safest place in the world to live and work online’. Cybersecurity is, thus, regarded as both a challenge as much as an opportunity. Since the publication of UK's first National Cyber Security Strategy (NCSS) in November 2011, the government has implemented many proactive as well as reactive measures to enhance both its cybersecurity capabilities as well as its market power in this space. This article provides an analysis of the shift away from a reliance on market forces that dominated Western approaches to cybersecurity over the recent years. Specifically, it highlights three ‘market failures’ that have prompted UK's industrial policy responses: ongoing data breaches; inadequate private cybersecurity investments; and a continuous digital skills gap. An analysis of these drivers as well as UK government's responses demonstrates that the UK's cybersecurity strategy has evolved from an initial heavy reliance on market forces towards a more state-driven public-private partnership.

Type: Article
Title: UK Cybersecurity Industrial Policy: An Analysis of Drivers, Market Failures and Interventions
Open access status: An open access version is available from UCL Discovery
DOI: 10.1080/23738871.2018.1550523
Publisher version: https://doi.org/10.1080/23738871.2018.1550523
Language: English
Additional information: This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions.
Keywords: Cybersecurity, industrial policy, human capital, United Kingdom
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > STEaPP
URI: https://discovery.ucl.ac.uk/id/eprint/10062395
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