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Abstract

Rarely does a day seem to go by without another front page story about a firm being breached by cyber-attackers. Even experts in the field are far from immune from the unsustainable status quo. For example, Jim Lewis of the Center for Strategic and International Studies has said: ‘‘We have a faith-based approach [to cybersecurity], in that we pray every night nothing bad will happen.’’ This is a difficult starting point to consider an appropriate end game. Still, it is something that firms must do since infinite investment cannot breed infinite security. This article takes lessons from the burgeoning field of cyber peace studies and applies them to private sector cyber risk mitigation strategies. With members of the C-suite on down to mailroom clerks worrying about the next attack and looking over their shoulder after a breach occurs, who wouldn’t welcome some peace of mind?

6. Conclusion

Today the international community is at the point of determining how governance of cyberspace should develop in the 21st century. The strategies and practices assumed in the short-term will impact how this fast-evolving body of law and policy is shaped and systems are secured. Policymakers and managers alike should consider not only whatservesshort-term interests but also the shared long-term interest of building a secure, interconnected, and robust cyberspace for the world’s existing 2.5 billion Internet users and the billions more to come. There are market, ethical, and legal reasons for firms to invest in cybersecurity best practices and thereby further cyber peace. Therefore, given the central role of the private sector in managing cyberattacks in the United States and around the world, the role of businessesin fostering cyber peace should not be underestimated. Working together through polycentric partnerships, and with the leadership of engaged individuals and institutions, we can mitigate cyber conflict by laying the groundwork for a positive cyber peace that respects human rights, spreads Internet access along with best practices, and strengthens governance mechanisms by fostering multi-stakeholder collaboration. Over time, a set of guiding principles of cyber peace may be developed in the same vein astheUNGlobal Compact.Ultimately,itis up to boardroomsjust as much as governments to help foster a global culture of cybersecurity; butin order to do that, we need you!