Bilateral liability-based contracts in information security outsourcing

• Main Authors: HUI, Kai-Lung, KE, Ping Fan, YAO, Yuxi, YUE, Wei Thoo
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: managed security service; liability-based contracts; negligence; auditing error; limited liability; Information Security
• Online Access: https://ink.library.smu.edu.sg/sis_research/4885; https://ink.library.smu.edu.sg/context/sis_research/article/5888/viewcontent/Bilateral___AV.pdf
• Institution: Singapore Management University

We study the efficiency of bilateral liability-based contracts in managed security services (MSSs). We model MSS as a collaborative service with the protection quality shaped by the contribution of both the service provider and the client. We adopt the negligence concept from the legal profession to...