Cyber Bonds

Paul Rosenzweig
Friday, June 3, 2016, 9:03 AM

Maybe Wall Street holds the key to stopping cyber attacks. That's the fascinating idea behind the concept of "cyber bonds" -- something new to me. Here's the provacative summary from the Wired article by Nathan Bruschi:

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Maybe Wall Street holds the key to stopping cyber attacks. That's the fascinating idea behind the concept of "cyber bonds" -- something new to me. Here's the provacative summary from the Wired article by Nathan Bruschi:

In the Cold War, we had the doctrine of mutually assured destruction. Now we need something new. What if there was a way to deter cyber attacks by automatically hitting countries that launch them right where it hurts—in the wallet? What if Wall Street could solve a challenge that has confounded Silicon Valley and the NSA for years? Enter our unlikely hero: sophisticated financial instruments. Specifically, a kind of securitized cyber insurance that I will call Cyber Bonds.

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Paul Rosenzweig

Paul Rosenzweig

@RosenzweigP
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Paul Rosenzweig is the founder of Red Branch Consulting PLLC, a homeland security consulting company and a Senior Advisor to The Chertoff Group. Mr. Rosenzweig formerly served as Deputy Assistant Secretary for Policy in the Department of Homeland Security. He is a Professorial Lecturer in Law at George Washington University, a Senior Fellow in the Tech, Law & Security program at American University, and a Board Member of the Journal of National Security Law and Policy.

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