Cited By
View all- Zhu J(2024)Optimization of network security protection posture based on data clusteringApplied Mathematics and Nonlinear Sciences10.2478/amns-2024-03449:1Online publication date: 26-Feb-2024
Opportunity Cost and Missed Chances in Optimizing Cybersecurity
Abstract
The loss of potential gain from other alternatives when one alternative is chosen.
References
[1]
Arora, A., Caulkins, J.P., and Telang, R. Research note---sell first, fix later: Impact of patching on software quality. Mgmt. Sci. 52, 3 (2006), 465--471
[2]
Cybersecurity and Infrastructure Security Agency, U.S. Digital Service, and Federal Risk and Authorization Management Program. CISA cloud security technical reference architecture, 2021; https://bit.ly/3IXmNIt.
[3]
Forsgren, N., Humble, J., and Kim, G. Accelerate---The Science of Lean Software and DevOps: Building and scaling high-performing technology organizations. IT Revolution Press, 2018.
[4]
Forsgren, N., et al. The SPACE of developer productivity: There's more to it than you think. acmqueue 19, 1 (2021), 20--48
[5]
Hough, S. Predicting the Unpredictable: The Tumultuous Science of Earthquake Prediction. Princeton University Press, Princeton, NJ, 2010.
[6]
Huynh, T.N., Kleerup, E.C., Raj, P.P., and Wenger, N.S. The opportunity cost of futile treatment in the intensive care unit. Critical Care Medicine 42, 9 (2014), 1977--1982; http://bit.ly/3kObdat.
[7]
Kahneman, D. Thinking, Fast and Slow. Macmillan, 2011.
[8]
Kurowski, S., Fähnrich, N., and Roßnagel, H. On the possible impact of security technology design on policy adherent user behavior---Results from a controlled empirical experiment. SICHERHEIT. H. Langweg, M. Meier, B.C. Witt, and D. Reinhardt, eds. Gesellschaft für Informatik e.V., Bonn, Germany, 2018, 145--158; https://dl.gi.de/handle/20.500.12116/16276.
[9]
Lain, D., Kostiainen, K., and Capkun, S. Phishing in organizations: Findings from a large-scale and long-term study, 2021; https://arxiv.org/abs/2112.07498.
[10]
Loewenstein, G. and Lerner, J.S. The role of affect in decision making. Handbook of Affective Science. R. Davidson, H. Goldsmith, and K. Scherer, eds. Oxford University Press, Oxford, U.K., 619--664; https://bit.ly/3yh6X6s.
[11]
McKenzie, C.R.M. Taking into account the strength of an alternative hypothesis. J. Experimental Psychology: Learning, Memory, and Cognition 24, 3 (1998), 771--792; https://bit.ly/3ZAUENY.
[12]
Organization for Economic Cooperation and Development. Externalities---OECD. Glossary of statistical terms, 2003; https://www.oecd.org/regreform/sectors/2376087.pdf.
[13]
Podkul, C. Despite decades of hacking attacks, companies leave vast amounts of sensitive data unprotected. ProPublica (Jan. 25, 2022); http://bit.ly/3JhmFot.
[14]
Poirier, G. Die softwareherkunft (software provenance): an opera in two acts. Why would anyone do that? (Jan. 14, 2022); https://grepory.substack.com/p/der-softwareherkunft-software-provenance.
[15]
Russell, G. et al. Multiple-category decision making: review and synthesis. Marketing Letters 10, 3 (1999), 319--332; https://link.springer.com/article/10.1023/A:1008143526174#article-info.
[16]
Shortridge, K. and Rinehart, A. Security Chaos Engineering: Sustaining Resilience in Software and Systems. O'Reilly Media, Sebastopol, CA, 2022.
[17]
van Stralen, D. and Mercer, T.A. Ambiguity in the operator's sense. J. Contingencies and Crisis Mgmt. 23, 2 (2015), 54--58
Index Terms
- Opportunity Cost and Missed Chances in Optimizing Cybersecurity
Recommendations
Opportunity Cost and Missed Chances in Optimizing Cybersecurity: The loss of potential gain from other alternatives when one alternative is chosen
Data ScienceOpportunity cost should not be an afterthought when making security decisions. One way to ease into considering complex alternatives is to consider the null baseline of doing nothing instead of the choice at hand. Opportunity cost can feel abstract, ...
The effect of inventory decisions and parameters on the opportunity cost of capital
AbstractInventory costs are typically calculated by adding the out‐of‐pocket cost of holding inventory and the opportunity cost of capital tied up in inventory. The concept of opportunity cost of capital is based on the business risk of the firm ...
Teaching Cybersecurity with DeterLab
The DETER project aims to advance cybersecurity research and education. Over the past seven years, the project has focused on improving and redefining the methods, technology, and infrastructure for developing cyberdefense technology. The project's ...
Comments
Information & Contributors
Information
Published In
July 2023
126 pages
Copyright © 2023 Owner/Author.
Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.
Publisher
Association for Computing Machinery
New York, NY, United States
Publication History
Published: 22 June 2023
Published in CACM Volume 66, Issue 7
Check for updates
Qualifiers
- Research-article
Contributors
Other Metrics
Bibliometrics & Citations
Bibliometrics
Article Metrics
- View Citations1Total Citations
- 948Total Downloads
- Downloads (Last 12 months)756
- Downloads (Last 6 weeks)83
Reflects downloads up to 05 Jan 2025
Other Metrics
Citations
Cited By
View all- Zhu J(2024)Optimization of network security protection posture based on data clusteringApplied Mathematics and Nonlinear Sciences10.2478/amns-2024-03449:1Online publication date: 26-Feb-2024
View Options
View options
View or Download as a PDF file.
PDFeReader
View online with eReader.
eReaderDigital Edition
View this article in digital edition.
Digital EditionMagazine Site
View this article on the magazine site (external)
Magazine SiteLogin options
Check if you have access through your login credentials or your institution to get full access on this article.
Sign in