Governance Models Preferences for Security Information Sharing: An Institutional Economics Perspective for Critical Infrastructure Protection

Abstract

Empirical studies have analyzed the incentive mechanisms for sharing security information between human agents, a key activity for critical infrastructure protection. However, recent research shows that most Information Sharing and Analysis Centers do not perform optimally, even when properly regulated. Using a meso-level of analysis, we close an important research gap by presenting a theoretical framework that links institutional economics and security information sharing. We illustrate this framework with a dataset collected through an online questionnaire addressed to all critical infrastructures (N = 262) operating at the Swiss Reporting and Analysis Centre for Information Security (MELANI). Using descriptive statistics, we investigate how institutional rules offer human agents an institutional freedom to self-design an efficient security information sharing artifact. Our results show that a properly designed artifact can positively reinforces human agents to share security information and find the right balance between three governance models: (A) public-private partnership, (B) private, and (C) government-based. Overall, our work lends support to a better institutional design of security information sharing and the formulation of policies that can avoid non-cooperative and free-riding behaviors that plague cybersecurity.