Skip to main content

How Much Security Is Enough to Stop a Thief?

The Economics of Outsider Theft via Computer Systems and Networks

  • Conference paper
Financial Cryptography (FC 2003)

Part of the book series: Lecture Notes in Computer Science ((LNCS,volume 2742))

Included in the following conference series:

Abstract

We address the question of how much security is required to protect a packaged system, installed in a large number of organizations, from thieves who would exploit a single vulnerability to attack multiple installations. While our work is motivated by the need to help organizations make decisions about how to defend themselves, we also show how they can better protect themselves by helping to protect each other.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Schechter, S.E.: Quantitatively differentiating system security. In: The First Workshop on Economics and Information Security (2002)

    Google Scholar 

  2. Young, A., Yung, M.: Cryptovirology: Extortion-based security threats and countermeasures. In: Proceedings of the IEEE Symposium on Security and Privacy, pp. 129–140 (1996)

    Google Scholar 

  3. Counterpane Internet Security, Lloyd’s of London: Counterpane Internet Security announces industry’s first broad insurance coverage backed by Lloyd’s of London for e-commerce and Internet security, http://www.counterpane.com/pr-lloyds.html (2000)

  4. The Honeynet Project: Know Your Enemy: Revealing the Security Tools, Tactics, and Motives of the Blackhat Community. Addison-Wesley, Reading (2001)

    Google Scholar 

  5. Becker, G.S.: Crime and punishment: An economic approach. The Journal of Political Economy 76, 169–217 (1968)

    Article  Google Scholar 

  6. Ehrlich, I.: Participation in illegitimate activities: A theoretical and empirical investigation. The Journal of Political Economy 81, 521–565 (1973)

    Article  Google Scholar 

  7. Ehrlich, I.: Crime, punishment, and the market for offenses. The Journal of Economic Perspectives 10, 43–67 (1996)

    Article  Google Scholar 

  8. Gordon, L.A., Loeb, M.P., Lucyshyn, W.: An economics perspective on the sharing of information related to security breaches: Concepts and empirical evidence. In: The First Workshop on Economics and Information Security (2002)

    Google Scholar 

  9. Goldberg, I., Nold, F.C.: Does reporting deter burglars?–an empirical analysis of risk and return in crime. The Review of Economics and Statistics 62, 424–431 (1980)

    Article  Google Scholar 

  10. Anderson, R.J.: Why information security is hard, an economic perspective. In: 17th Annual Computer Security Applications Conference (2001)

    Google Scholar 

  11. Gordon, L.A., Loeb, M.P.: The economics of information security investment. ACM Transactions on Information and System Security 5, 438–457 (2002)

    Article  Google Scholar 

  12. Varian, H.R.: System reliability and free riding. In: The First Workshop on Economics and Information Security (2002)

    Google Scholar 

  13. Beattie, S., Arnold, S., Cowan, C., Wagle, P., Wright, C.: Timing the application of security patches for optimal uptime. In: Proceedings of LISA 2002: 16th Systems Administration Conference (2002)

    Google Scholar 

  14. Rescorla, E.: Security holes... who cares? (2002), http://www.rtfm.com/upgrade.pdf

  15. Schechter, S.E.: How to buy better testing: Using competition to get the most security and robustness for your dollar. In: Proceedings of the Infrastructure Security Conference (2002)

    Google Scholar 

  16. Camp, L.J., Wolfram, C.: Pricing security. In: Proceedings of the CERT Information Survivability Workshop, pp. 31–39 (2000)

    Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2003 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Schechter, S.E., Smith, M.D. (2003). How Much Security Is Enough to Stop a Thief?. In: Wright, R.N. (eds) Financial Cryptography. FC 2003. Lecture Notes in Computer Science, vol 2742. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-45126-6_9

Download citation

  • DOI: https://doi.org/10.1007/978-3-540-45126-6_9

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-40663-1

  • Online ISBN: 978-3-540-45126-6

  • eBook Packages: Springer Book Archive

Publish with us

Policies and ethics