The Network Challenge (Chapter 22)

Download or read book The Network Challenge (Chapter 22) written by Howard Kunreuther and published by Pearson Education. This book was released on 2009-05-19 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: Networks increase interdependencies, which creates challenges for managing risks. This is especially apparent in areas such as security and enterprise risk management, where the actions of a single player in an interconnected network can wreak havoc on everyone in the network. The network, in this case, is only as strong as its weakest link. There are related problems in encouraging investments for prevention and protection, because the expected payoffs from such measures by one player are affected by the actions of other players in the network. This chapter examines the challenges of interdependent security (IDS) and strategies for addressing these, including coordination with broader networks such as industry organizations and government.