Financial Consequences of Ignoring Security Debt

Financial Consequences of Ignoring Security Debt

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Frank Costa, President Nexgen Protection Services – 

Security, though crucial, is often treated as an afterthought. Ignoring security means long-term consequences, and paybacks are investments and resources needed to deal with the threat. 

The message is simple: unchecked accumulated software vulnerabilities can be the dilapidated foundation that brings the entire system crashing down. 

The cost of investing in minimizing security debts is lesser than the potential cost of a security breach incurred in the future due to incident response, fines, loss of customer and investor trust, and possibly litigation.

 

SOURCE: 

Worcel, E., Financial consequences of ignoring security debt in 2024, Security Magazine, 5/21/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

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