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Michael Chertoff on Corporations

Director of Homeland Security

 


Use market-based incentives for security

We can get private business to do what needs to be done for security. We’ve got to give them standards and best practices that will enable them to make their choices wisely about how they protect themselves. We have to use market-based incentives when we can, including working with the insurance community. From the Y2K experience, we can get the private sector to be quite sensitive to the need to secure things if we work with the insurance community and the marketplace to build in incentives.
Source: Testimony before the House Homeland Security Committee , Apr 13, 2005

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