Cyber Bonds

By 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:

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.