Cyber Risks · Krebs on Security

A Futures Market for Computer Security

Summary: Information security researchers from academia, industry, and the U.S. intelligence community are collaborating on a pilot prediction market that would let invited participants buy and sell shares in statements about future security events, with prices moving on their confidence. The piece, an excerpt from a longer MIT Technology Review article, notes the idea was raised after 9/11 to predict attacks and never got off the ground, and commenters debate precedents such as BeeWise's security-event futures exchange and the Iowa Electronic Markets' record of predicting U.S. election outcomes.

Key Takeaway: Commenters point out that a market pricing future attacks could reward whoever predicts one accurately, and that person risks being accused of helping to enable it - a reputational exposure that falls on the participants and the market itself, not just the attackers.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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