Perspective and Opportunity Costs of Cyber Attacks

Kyle Bess: Perspective and Opportunity Costs of Cyber Attacks The question that is immediately asked whenever a zero-day rifles through networks as firms rush to find a method to triage is “how does this affect business?”. Although this is incredibly important and the argument can be made that these multinational organizations that develop the medium that we use to express culture should be our first concern, I would like to offer a different perspective. Opportunity cost is a concept that most have a tangible understanding of. The opportunity cost of a cyber-attack could be an astronomical amount as you start to hemorrhage resources to triage where you could have been conducting business as usual. Software as a service (SAAS) product are not only more relevant than most hardware in our industry, but they also cost substantially less to found, in theory. It is not a focus on manufacturing and reinvention of workers manning an assembly line, but it’s about how technology is revolutionizing how we do things. We live in an age where NATO has recently recognized cyberspace as warfare domain, these countries are being placed at significantly more risk. With their extremely limited funding some of these countries are going to be far from investing in things like cybersecurity. The solution to this going forward is a reliance on some of what makes modern software companies tick, open-source software like Wazuh and other options to counter the incredibly feature dense, but expensive products that are dominating the market. ----------- WEB: https://www.bsidestampa.net DISCORD: https://discord.gg/FhdkSNa24P TWITTER: https://twitter.com/bsidestampa MERCH: https://bsides-tampa.launchcart.store/ About BSides Tampa: B-Sides Tampa is an Information Technology Security Conference hosted by the Tampa Bay Chapter of (ISC)², a registered 501(c)3 non-profit organization. The purpose of the B-Sides Tampa is to provide an open platform for Information Security industry professionals to collaborate, exchange ideas and develop long standing relationships with others in the community. The B-Sides Tampa IT Security Conference took place Virtually on March 27th, 2021.