Treffer: Opportunity Cost and Missed Chances in Optimizing Cybersecurity: The loss of potential gain from other alternatives when one alternative is chosen.
Title:
Opportunity Cost and Missed Chances in Optimizing Cybersecurity: The loss of potential gain from other alternatives when one alternative is chosen.
Authors:
Source:
Communications of the ACM. Jul2023, Vol. 66 Issue 7, p96-104. 9p. 1 Color Photograph, 2 Charts.
Subject Terms:
Company/Entity:
Database:
Business Source Premier
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This article focuses on opportunity cost in organizational cybersecurity decision-making. Topics include how to incorporate opportunity cost into routine decision processes, a deeper look into all types of costs that should be considered, and productivity effects as well as benefits when opportunity cost is incorporated into cybersecurity decision-making. Also included, a case study of Twilio, a technology company, and their utilization of NightOwl, an automated testing framework with attack-tree modeling.