the economics of cybersecurity allan friedman research director, center for technology innovation...
TRANSCRIPT
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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Uh oh…
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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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“cybersecurity”
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“cybersecurity”
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“cybersecurity”
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“cybersecurity”
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Need to disambiguate
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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