Lecture about Economics of Information Security

The information security guru Bruce Schneier gave a joint BCS and London School of Economics public lecture as part of this year’s 50th anniversary celebrations.

Interesting quotes:

‘Hacking has changed from a hobbyist pursuit to a criminal pursuit. There are lots of ways to make money criminally on the net. A lot of this we’re seeing from lone criminals, and also moving up to organised crime.’


Legal agreements may protect against misuse, but the control and oversight of information security becomes one step removed. For example, Paris Hilton had her phone book and text messages posted on the internet after the information was stolen; not from her phone, but from T-Mobile’s central systems.

Read article here and listen to the full lecture here.

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