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September 06, 2012

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Professor Michael Mainelli

How would we know when government and industry are working together on cyber-crime? A realistic comparison would be burglary insurance. People contract with insurers in commercial terms they understand, with contracts they know and financial risks and rewards they can analyse. A realistic economic goal for government is to create a framework where insurers want to write cyber-crime business, because they know it pays.

Readers may be interested to note that Z/Yen has produced a UK proposal for cyber reinsurance in order to provide market impetus for improvement - http://www.zyen.com/PDF/Cyber%20Reinsurance.pdf

Peter Miller

Chris, your blogg is becoming essential reading, excellent. Peter

Chris Skinner

You're too kind Peter

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