ECONOMICS OF CYBER SECURITY

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ISA President Larry Clinton appearing on CNBC’s “Power Lunch” to discuss why market incentives, rather than regulation, will lead to a sustainable system of cybersecurity.
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ISA President Larry Clinton speaking at a Bloomberg Report Release Event. The Report consisted of a cross-industry examination of the costs associated with cybersecurity.
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ISA President Larry Clinton appearing on CNBC’s “Squawk on the Street” to discuss the economic incentives that exist for theft of intellectual property and nation state cyber attacks.

ISA’s unique mission is to create a sustainable system of security by integrating advanced technology with economics and public policy.

A unique focused entity in the public policy space, ISA furthers this mission by addressing the issues that research demonstrates is the single biggest obstacle to cyber security: COST.

Beginning with the ISA Cyber Security “Social Contract” and continuing through its publications on enterprise risk management, supply chain management, Advanced Persistent Threats, mobile security, information sharing, cloud computing, as well as numerous journal articles and Congressional testimonies, ISA develops programs that seek to reallocate and align economic incentives so that cyber security can be addressed and maintained on a sustainable basis.

The ISA perspective is based on the real world experiences of its members, particularly the ISA Board, which is populated by security experts from virtually every area of the economy and faces the gamut of cyber threats on an ongoing basis.

Public policymakers are increasingly adopting ISA’s incentive-based approach as illustrated in both President Obama’s Executive Order 13636: Improving Critical Infrastructure Cybersecurity and his Administration’s “Cyberspace Policy Review” (click here for report), as well as the House Republican Task Force Report on Cyber Security (click here for report) and the proposed Senate compromise to the Lieberman-Collins bill, S. 3414.

Additionally, independent research such as from Carnegie Mellon University and PricewaterhouseCoopers (click here for report) indicates that enterprises also are adopting these approaches.

ISA is dedicated to continuing to assist in developing this sustainable model of cyber security through coordination with its member companies and government partners.