The Economic Incentives for Sharing Security Information

Given that Information Technology (IT) security has emerged as an important issue in the last few years, the subject of security information sharing among firms, as a tool to minimize security breaches, has gained the interest of practitioners and academics. To promote the disclosure and sharing of cyber-security information among firms, the US federal government has encouraged the establishment of many industry based Information Sharing & Analysis Centers (ISACs) under Presidential Decision Directive 63. Sharing security vulnerabilities and technological solutions related to methods for preventing, detecting and correcting security breaches, is the fundamental goal of the ISACs. However, there are a number of interesting economic issues that will affect the achievement of this goal. Using game theory, we develop an analytical framework to investigate the competitive implications of sharing security information and investments in security technologies. We find that security technology investments and security information sharing act as ``strategic complements'' in equilibrium. Our results suggest that information sharing is more valuable when product substitutability is higher, implying that such sharing alliances yield greater benefits in more competitive industries. We also highlight that the benefits from such information sharing alliances increase with the size of the firm. We compare the levels of information sharing and technology investments obtained when firms behave independently (Bertrand-Nash) to those selected by an ISAC which maximizes social welfare or joint industry profits. Our results help us predict the consequences of establishing organizations such as ISACs, CERT or InfraGard by the federal government.Technology Investment, Information Sharing, Security Breaches, Externality Benefit, Spillover Effect, Social Welfare

The Economic Incentives for Sharing Security Information

Given that information technology (IT) security has emerged as an important issue in the last few years, the subject of security information sharing among firms, as a tool to minimize security breaches, has gained the interest of practitioners and academics. To promote the disclosure and sharing of cyber security information among firms, the U.S. federal government has encouraged the establishment of many industry-based Information Sharing and Analysis Centers (ISACs) under Presidential Decision Directive (PDD) 63. Sharing security vulnerabilities and technological solutions related to methods for preventing, detecting, and correcting security breaches is the fundamental goal of the ISACs. However, there are a number of interesting economic issues that will affect the achievement of this goal. Using game theory, we develop an analytical framework to investigate the competitive implications of sharing security information and investments in security technologies. We find that security technology investments and security information sharing act as “strategic complements” in equilibrium. Our results suggest that information sharing is more valuable when product substitutability is higher, implying that such sharing alliances yield greater benefits in more competitive industries. We also highlight that the benefits from such information-sharing alliances increase with the size of the firm. We compare the levels of information sharing and technology investments obtained when firms behave independently (Bertrand-Nash) to those selected by an ISAC, which maximizes social welfare or joint industry profits. Our results help us predict the consequences of establishing organizations such as ISACs, Computer Emergency Response Team (CERT), or InfraGard by the federal government.NYU, Stern School of Business, IOMS Department, Center for Digital Economy Researc

The barriers analysis of supply chain management during COVID-19 Pandemic in Indian Industries: COVID-19 Pandemic in Indian Industries

In today's supply chain, information sharing and accountability for goods is critical, accordingly to the principles of fiscal, environmental and social security, which have been also concentrating on in recent years, prioritize business process openness. The economic consequences of the COVID-19 outbreak and prevention strategies incorporate factors such as supply and demand shocks as a result of COVID-19. This paper investigates the sensitivity of the supply chain to the unfolding pandemic crisis by identifying the five main barriers for Indian manufacturing industries in the new COVID-19 time by employing a hierarchical approach, based on multi-criteria analysis. A hierarchical process-based multi-criteria approach has been used to evaluate COVID-19 influence and prioritized by Entropy and TOPSIS technique. The findings shows that local law enforcement obtained the highest weights among all the supply chain barriers operations in the COVID-19 time, and among the industries, airline, hotel, and automobile sectors have been most affected by the global crisis. The obtained findings will provide the strategic outputs for decision-makers to strengthen the supply chain following COVID-19 protocols

Pay, Performance, and Participation

Our chapter identifies key dimensions on which organizations make employee compensation decisions and examines the emerging research evidence on the consequences of such decisions for attitudes, behaviors, and organization performance. We provide some general suggestions that may prove helpful in future research. First, there is increased recognition that pay decisions take place in the context of implicit or explicit contracts between employees and specific organizations. As a result, we encourage researchers to continue to give greater attention to the role of organization differences in compensation. Second, because pay is multidimensional, attention should not be restricted to organization differences in pay level. Organization differences in benefits, structure, and means of recognizing individual employees contributions also warrant attention. As an example of how the focus can be expanded, we provide new empirical evidence on organization differences in the market sensitivity of pay structures. Third, we note that the success of pay programs depends not only on decisions about pay per se, but also the process used in making communicating, and administering such decisions. More broadly, the influence of contextual factors, such as the nature of other employee relations practices (e.g., staffmg, development, employment security), needs to be considered to a greater extent in compensation research. In addition to these broad suggestions, we provide specific ideas on future research directions throughout the chapter

Global Risks 2012, Seventh Edition

The World Economic Forum's Global Risks 2012 report is based on a survey of 469 experts from industry, government, academia and civil society that examines 50 global risks across five categories. The report emphasizes the singular effect of a particular constellation of global risks rather than focusing on a single existential risk. Three distinct constellations of risks that present a very serious threat to our future prosperity and security emerged from a review of this year's set of risks. Includes a special review of the important lessons learned from the 2011 earthquake, tsunami and the subsequent nuclear crisis at Fukushima, Japan. It focuses on therole of leadership, challenges to effective communication in this information age and resilient business models in response to crises of unforeseen magnitude

Job Loss and Effects on Firms and Workers

This paper serves as an introduction and (incomplete) survey of the wide-ranging literature on job loss. We begin with a discussion of job stability in the US and the commitment between firms and workers, and how this has changed in recent years. We then focus on the short and long-term consequences to workers (i.e. wages, health outcomes) following a layoff, and the effect which mass layoffs have on future firm performance. The changing nature of these relationships over the past several decades is a central theme of this paper. We review the common data sources used to examine these questions, and identify many influential papers on each topic. Additionally, we discuss alternative policies to the typical mass layoff, such as worksharing

FIELD - GUIDE : 3 STEPS FOR WORKING IN FRAGILE AND CONFLICT-AFFECTED SITUATIONS (WFCS)

This Manual was developed by HELVETAS Swiss Intercooperation together with the Centre for Peacebuilding (KOFF) at swisspeace. It aims at providing hands on guidance to field-based staff of development organisations that are working in fragile and conlict affected situations

Moving from the 'Why' to the 'How': Reflections on Humanitarian Response in urban settings

Given the rising numbers of crises in urban settings, Médecins Sans Frontières (MSF) is currently shifting its focus from 'why' it should intervene to 'how' it should intervene effectively in these contexts. Beyond communities affected by natural disasters and epidemics, MSF has chosen to target populations in urban settings that are affected by violence or by marginalisation and neglect: these groups appear to suffer the greatest number of severe threats to their health and well-being. Recent reflection within MSF has identified a number of key operational challenges to confront in order to respond efficiently to the needs of these populations. These include: appropriate assessments; measurable indicators of vulnerability and impact; pertinent operational approaches and medical strategies; adapted security management; and responsible closure of activities. This paper summarises the main lessons learned from working in urban settings with the principal aim of mutual sharing and understanding