Economic incentives for cyber security

I read that US Cyber Czar Howard Schmidt is scheduled to hold a meeting on Wednesday with Secretary of Commerce Gary Locke and Department of Homeland Security Secretary Janet Napolitano, where he is expected to discuss how to improve private-sector cyber security through economic incentives. The meeting is expected to consider tax, liability and insurance incentives among other steps to encourage industry to increase its network security.

It’s an interesting development, reflecting the inescapable fact that smart intervention is needed to stem the growing threats of e-Crime, espionage and, inevitably, cyber wars and terrorism.  

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