Resilience to a Cyber-Attack on the Automobile Industry: A Computable General Equilibrium Approach

Abstract

The overall objective of this research is to improve risk management for cyber-threats among both private and public sectors through better understanding of the economic consequence of cyber-attacks and the benefits of various cyber resilience tactics in reducing these consequences. This is carried out in 3 stages: 1) estimation of direct effectiveness and costs of post-attack cyber resilience tactics; 2) adaptation of a state-of-the-art economic impact modeling approach to estimate cyber-attack consequences and resilience potential at both the microeconomic and macroeconomic levels; and 3) an empirical assessment of cyber-resilience in the U.S. Automobile Industry using the economic model to provide insights for decision makers to enhance resilience to cyber-attacks.

Keywords: cyberattack, cyber resilience, critical infrastructure, computable general equilibrium model