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White House Proposes Cybersecurity Insurance, Other Incentives For Executive Order
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oneilldon
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oneilldon,
User Rank: Guru
8/8/2013 | 7:07:35 PM
re: White House Proposes Cybersecurity Insurance, Other Incentives For Executive Order
Just as the emphasis on reputation, economics, mission, and competitiveness varies among government, critical infrastructure, defense industrial base, and commercial industry partners, so does the range of tolerance for risk and regulation. Consequently, the public policy measures needed to promote the public good must be tailored and harmonized among these diverse interest.

The NIST Workshops on the Cyber Security Framework are revealing an underlying reluctance to harmonize standards associated with resistance to regulation. Here there are trust issues associated with the commitment to voluntary compliance. Beyond that Congress is split on what kind and whether incentives should be offered especially on indemnification of liability.

And then there is the issue of moral hazard faced by industry participants. If they know of threats and risks and don't act on behalf of their customers and the public, there are consequences.


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