The market-based, voluntary approach that the Bush administration has used to encourage companies to improve cybersecurity is not sufficient and the incoming Obama administration should form a cybersecurity social contract with industry based on economic incentives, according to a new report by Internet Security Alliance (ISAlliance).

ISAlliance has released a report suggesting a cybersecurity social contract through which government would encourage and reward corporations by potentially working cybersecurity into procurement and loan processes, along with possible awards programs that could be used as marketing advantages.

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Related topics: Cyberattack, Cybercrime, Policy & Regulation, Security