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Cyber Risks Economics 101

Are cyber-security risks:

  1. a genuine threat;
  2. the result of shoddy math; or
  3. a management consulting conspiracy?

Judging from recent articles, surveys and reports, the answer is “all of the above.” There is a lot of confusion and incomplete and/or inaccurate information regarding cyber-security circulating out there.

Investigative reporter Seymour Hersch has argued that national cyber-risk threats are overstated, perhaps intentionally, by firms that make good money bolstering the country’s cyber defenses: Continue reading Cyber Risks Economics 101

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