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Distributed, Decentralized, Dangerous

Decentralization is one of the main strengths of the Internet, permitting distributed ownership and operations. Yet decentralization combined with automation breeds epidemic risk:
- $200M in fraud and theft losses in 2002 (CSI/FBI)
- $10B in worm and virus-related losses (Goldman-Sachs)
- $100B cyberhurricane risk per Fortune 500 company (mi2g)

Decentralization is one of the main strengths of the Internet, permitting distributed ownership and operations. Yet decentralization combined with automation breeds epidemic risk: