By E. Goetz, S. Shenoi
The info infrastructure--comprising pcs, embedded units, networks and software program systems--is very important to operations in each zone. international company and undefined, governments, and society itself, can't functionality successfully if significant parts of the serious info infrastructure are degraded, disabled or destroyed.
This publication features a number of 27 edited papers from the 1st Annual IFIP WG 11.10 foreign convention on serious Infrastructure Protection.
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Optimal internal level of spending OL Cost of Information Security Optimal level of local information security investment OL (after ). Change in Revenue increase in security results in an equal decrease in costs due to security lapses. Taken literally, this optimum corresponds to a largely local view of what to protect. This is because the vast majority of ﬁrms have not experienced cyber events that have had signiﬁcant external costs. If organizations are to use such a method, they need assessments of the costs incurred due to a lack of information security, their spending on information security, and the marginal rates of return for changes in spending.
While this paper does not present a speciﬁc regulatory model or a set of regulatory tools to address these market failures, it asserts that understanding the market failures inherent in critical information infrastructure protection is a key element to designing a successful regulatory policy. Failure to understand and acknowledge the reasons for the inability of the private sector to provide adequate protection can impact a nation-state’s security and render it vulnerable to attack. Keywords: Critical information infrastructure protection, cyber security, market failures, government regulation 1.
Robinson & Valeri 13 Finally, security challenges could also arise from social quarters not merely from technological vulnerabilities. Consider the case of genetically modiﬁed (GM) crops. The technology has existed for some time and the economic case is sound. But social and environmental factors will ultimately decide whether or not the technology will ﬂourish. html), 2003. com), 2007.  T. Alves and D. pdf), 2004.  J. Baird, DREN IPv6 pilot network for HPC users, presented at the Supercomputing 2004 Conference, 2004.