As high-level European Union (EU) policy documents call for investment in active cyber defence capabilities, the legal and political powers for their use remain ill-defined. To demonstrate their commitment to principles of responsible state behaviour and due diligence, the EU and its member...

The paper provides an up-to-date overview of the data governance framework developed by the People’s Republic of China. The work investigates whether and how the domestic legal framework on data governance has influenced Chinese trade policy with reference to cross-border data flows and...

In addition to regulation of securities market issuers, the Securities & Exchange Commission (SEC) is also responsible for regulation of those entities that provide the networks, either electronic or physical, that enable the functioning of our securities markets. On February 9, 2022, the...

We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims' risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...

The core premise of permissionless blockchains is their reliable and secure operation without the need to trust any individual agent. At the heart of blockchain consensus mechanisms is an explicit cost (whether work or stake) for participation in the network and the opportunity to add blocks to...

Cyber risk insurance has been introduced for more than two decades in the United States, yet the insurance market for cyber risk is tiny amounting to 1% ($6.5 billion) of premiums in the U.S. property-casualty insurance market in 2021. In this paper, we analyze what constrains the insurance...

Many new blockchain applications (e.g., layer-2 scaling solutions, proof-of-stake layer-1 chains, and cross-chain bridges, etc.) adopt an “optimistic” design, that is, the system proceeds as if all participants are well-behaving, presumably sustained by some “stake-and-slash” mechanisms....

Recently, blockchain technology has been introduced in multiple sectors and industries. This technology is currently stimulating a broader process of social and industrial transformation impacting several potential areas of adoption (e.g., payments, tracking and tracing solutions, authenticity)....

We propose a taxonomy of cybercrime on the Ethereum blockchain and examine how cybercrime impacts victims’ risk-taking and returns. Our difference-in-differences analysis of a sample of victims and matched non-victims suggests that victims increase their long-term total risk-taking and earn...