By E. Goetz, S. Shenoi
The info infrastructure--comprising desktops, embedded units, networks and software program systems--is very important to operations in each region. worldwide enterprise and undefined, governments, and society itself, can't functionality successfully if significant elements of the serious info infrastructure are degraded, disabled or destroyed.
This publication incorporates a collection of 27 edited papers from the 1st Annual IFIP WG 11.10 overseas convention on serious Infrastructure Protection.
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Extra info for Critical Infrastructure Protection
As a result, we conclude that the economic and market drivers for increasing PCS security at this reﬁner are low. While latent drivers do exist, a greater level of transparency into actual PCS security incidents at other reﬁneries would be required for these drivers to become eﬀective. The drivers and incentives for major reﬁneries are somewhat diﬀerent, leading to a more proactive and global view. 3 Financial Sector The ﬁeld study involving a ﬁnancial institution is not yet complete; however, we have interviewed multiple CIOs and global risk managers of ﬁrms in the ﬁnancial sector.
Should the government intervene in the provision of CIIP although this negates the market-based approach of non-intervention? Should the government leave a national security issue – where a failure could have catastrophic consequences – in the hands of self-interested private ﬁrms? This paper sheds light on the nature of the market for CIIP. It examines whether there is a need for government intervention. The analysis provides a possible answer to why the American policy of endorsing a “hands-oﬀ” approach and keeping faith in the market has been ineﬀective so far .
The data and expected costs for the company are summarized in Table 1. Clearly, under a proﬁt maximizing assumption, the executives would opt for the second strategy – a lower and cheaper level of security. It is not worth it for the company to invest more in security. Therefore, upon applying a cost-beneﬁt analysis, the executives would choose the option that maximizes the company’s bottom line. This is where the externalities problem arises. The executives only took into account the expected loss to their company.