John S. Quarterman to address Internet2 Conference

Internet pioneer, John S. Quarterman, will participate in a panel at Internet2's Fall Conference, Sept 27-30. "Can the Internet get ahead of the crackers?'" will be presented on Wednesday, September 29th. Quarterman will argue that technical solutions need to be complemented by financial risk transfer strategies such as insurance.

Austin, TX (PRWEB) September 29, 2004 -- Internet pioneer, John S. Quarterman, will participate in a panel at Internet2's Fall Conference, Sept 27-30. "Can the Internet get ahead of the crackers?'" will be presented on Wednesday, September 29th. Quarterman will argue that technical solutions need to be complemented by financial risk transfer strategies such as insurance.

Internet2 is a consortium of education, business, and government to develop and deploy advanced network technologies and applications to accelerate tomorrow's Internet. The panel will examine new approaches to cyber-security and autonomic computing and determine whether the next generation of the Internet can be more secure than the current one. Quarterman is president of InternetPerils Inc, the leading provider of automated Internet Business Risk Management products for government, education, insurers, banks, ISPs, and e-Commerce. The Internet2 conference is focused on innovative applications and the underlying high-performance network infrastructures that enable them. Some technical solutions, including self-monitoring and self protecting networks, intrusion detection, identity management, and access control have been proposed to stem the rising tide of Internet security problems that threaten the burgeoning use of the Internet in academia, government, and commerce.

Quarterman argues that while technical solutions are necessary, they will never be sufficient. Recent events--- including the Akamai DNS outage, the IE scob exploit, and Hurricane Ivan severing the IP connection to the Cayman Islands---all demonstrate that such events are beyond the control of both the enterprise and ISPs. They might as well be Acts of God, or what insurers call "force majeure" events. Insurance is the traditional solution for shifting the risk of such events onto financial partners, and insurance is one of a range of risk management strategies whose time has come for the Internet.

According to Quarterman, "Most technical security measures are good, but each has its limitations. Intrusion detection requires predicting exploits and does nothing about increased network traffic from organizations that are not using intrusion detection. Authentication and authorization do nothing about slowdowns. Autonomic networks may be able to monitor themselves, but how do we know their monitoring features have not been compromised, and, if they have self-healing capabilities, how does one guarantee those are not used against the network?''

Technical security measures will increase, Quarterman believes. "The development and implementation of insurance and other risk management strategies will lead to more and better use of technical security measures, because insurers will require it, just as they require sprinkler systems for fire insurance.''

About InternetPerils Inc

Formed in 2003, InternetPerils Inc. provides automated products for Internet Business Risk Management. For more information, contact InternetPerils
http://www.internetperils.com

About John S. Quarterman
http://riskman.typepad.com/about.html

Subscribe to Perilocity (John's Security Blog)
http://risk.man.typepad.com/perilocity

ABOUT INTERNET2
http://www.internet2.edu/about
ABOUT FALL CONFERENCE
http://events.internet2.edu/2004/fall-mm
ABOUT THE PANEL
http://events.internet2.edu/2004/fall-mm/sessionDetails.cfm?session=1624&event=219

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Source :  http://www.prweb.com/releases/2004/9/prweb162751.htm