ABSTRACT

Economic Impacts of Infrastructure Failures   [open pdf - 289KB]

This report is provided as an ancillary analysis to the overall assessment of the physical and cyber security of information systems within the U.S. Banking and Finance infrastructure. The initial study, entitled U.S. Banking and Finance Infrastructure Security Assessment, uncovered that the industry is exceedingly generous in investing in security measures in response to catastrophes or "near misses," but typically does not invest beyond the standards of due care set by regulation, industry practice, or legal liability (usually determined by precedence in the courts) to defend against the hacker or criminally motivated attack. This report examines empirically the full costs of recovery from three analog "disasters" to determine the economic merit in preventative initiatives vice reactive solutions.

Publisher:
Date:
1997
Copyright:
Public Domain
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations