Disclaimer: The opinions of the columnists are their own and not necessarily those of their employer.
Kenneth F. Belva

A Pragmatic & Philosophical Understanding of Virtual Trust

A Contrast Between the Loss Prevention Model and Virtual Trust

In the Virtual Trust paradigm, the information security mechanisms are a necessary but not sufficient condition to create new electronic assets or business relationships. The loss prevention model shows how this necessary condition breaks down and what one can do to stop the breakdown. The virtual trust model demonstrates the way to create the necessary trust condition and that once we have this necessary condition, here are the things that may be done with it.

Virtual Trust may be defined as the creation / enablement of electronic assets or relationships through the use of one or many types of security mechanisms that establish the necessary level of trust in order to ultimately generate a cash flow or reduce operating expenses.

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