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Social embeddedness and sharing security information: Bridging the cost benefit gap

Goode, Sigi; Lacey, David

Description

Firms may collaborate in order to mitigate security risks. However, prior economic arguments about the benefits and costs of sharing security information appear inconsistent. This paper uses social embeddedness to explain how restricted approaches to information sharing support inter-firm trust, problem-solving and collaboration while unrestricted sharing approaches can obstruct relationship-building. This social embeddedness perspective is supported using a case study of a large Asia-Pacific...[Show more]

dc.contributor.authorGoode, Sigi
dc.contributor.authorLacey, David
dc.coverage.spatialMelbourne Australia
dc.date.accessioned2015-12-13T23:00:46Z
dc.date.available2015-12-13T23:00:46Z
dc.date.createdDecember 2-4 2009
dc.identifier.urihttp://hdl.handle.net/1885/84276
dc.description.abstractFirms may collaborate in order to mitigate security risks. However, prior economic arguments about the benefits and costs of sharing security information appear inconsistent. This paper uses social embeddedness to explain how restricted approaches to information sharing support inter-firm trust, problem-solving and collaboration while unrestricted sharing approaches can obstruct relationship-building. This social embeddedness perspective is supported using a case study of a large Asia-Pacific telecommunications provider. The results demonstrate the benefits of sharing security information with competitors. Empirically, investigations involving both internal and shared information have lower exposure and loss rates than cases where only internal controls are used. The study raises implications for both theory and practice.
dc.publisherMonash University
dc.relation.ispartofseriesAustralasian Conference on Information Systems (ACIS 2009)
dc.sourceProceedings of the 20th Australasian Conference on Information Systems (AICS)
dc.subjectKeywords: Benefits and costs; Cost benefits; Embeddedness; Fraud; Information sharing; Internal controls; Loss rates; Security risks; Shared information; Sharing; Social; Social embeddedness; Telecommunications providers; Theory and practice; Competition; Control; Competition; Control; Embeddedness; Fraud; Sharing; Social; Telecommunications
dc.titleSocial embeddedness and sharing security information: Bridging the cost benefit gap
dc.typeConference paper
local.description.notesImported from ARIES
local.description.refereedYes
dc.date.issued2009
local.identifier.absfor080609 - Information Systems Management
local.identifier.absfor150105 - Management Accounting
local.identifier.ariespublicationf5625xPUB12548
local.type.statusPublished Version
local.contributor.affiliationGoode, Sigi, College of Business and Economics, ANU
local.contributor.affiliationLacey, David, College of Business and Economics, ANU
local.bibliographicCitation.startpage671
local.bibliographicCitation.lastpage681
dc.date.updated2016-02-24T08:41:53Z
local.identifier.scopusID2-s2.0-84869140438
CollectionsANU Research Publications

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