Incentivizing Responsible and Secure Innovation: A framework for entrepreneurs and investors

Technology brings many positive innovations and opportunities but unless it is developed with security in mind, it presents more risks and potential disruption than solutions. This report provides a framework to develop technology in a secure manner, focusing on essential principles such as privacy-by-design and security-by-design. The COVID-19 pandemic has underscored the importance of incentivizing cyber security in technological development. The security and privacy features in technology are more vital than ever as the majority of public and private communications and operations have shifted to the digital domain. Recent research shows that 93% of executives are willing to pay almost 25% more for more secure devices and technology.