The Economics of Cybersecurity Allan Friedman Research Director, Center for Technology Innovation...
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The Economics of Cybersecurity
Allan Friedman
Research Director, Center for Technology Innovation
Fellow, Governance Studies
Brookings Institution
http://www.brookings.edu/techinnovation.aspx
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http://www.brookings.edu/techinnovation.aspx
Uh oh…
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http://www.brookings.edu/techinnovation.aspx
Topics discussed in Economist cover article
Critical Infrastructure
Economic Espionage
Intelligence Community
Cyber Terrorism
Cyber Crime
Military Strategy
US Law & Policy
International Law & Policy
Technology Issues
Distribution of paragraph by topicEconomist, July 1 2010
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http://www.brookings.edu/techinnovation.aspx
“cybersecurity”
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http://www.brookings.edu/techinnovation.aspx
“cybersecurity”
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http://www.brookings.edu/techinnovation.aspx
“cybersecurity”
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http://www.brookings.edu/techinnovation.aspx
“cybersecurity”
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http://www.brookings.edu/techinnovation.aspx
Need to disambiguate
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http://www.brookings.edu/techinnovation.aspx
Scale
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Urgency
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Risk Evaluation
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Framing Matters
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Who pays?
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Asymmetric Information
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Externalities
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Insurance
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Market demand for transparency
“…not aware that investors have asked for more disclosure in this area”
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Transparency vs.
Accountability
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Data Breaches
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Network Effects
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“Cloud computing”
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The weakest link
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Risk
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Regulation
Regulatory Spectrum
Laissez Faire
Mandated Standards
Liability Standards & Practices
Purchasing Power