Cyber Security: PowerPoints Are Easy. Cyber Security? Not So Much

June 21, 2022

I received a couple of cyber security, cyber threat, and cyber risk reports every week. What’s interesting is that each of the cyber security vendors mentioned in the news releases, articles, and blog posts discover something no other cyber outfit talks about. Curious.

I read “Most Security Product Buyers Aren’t Getting Promised Results: RSA Panel.” The article explains that other people poking around in security have noticed some oddities, if not unexplained cyber threats too.

The article reports:

Hubback [an expert from ISTARI] said that “90% of the people that I spoke to said that the security technologies they were buying from the market are just not delivering the effect that the vendors claim they can deliver. … Quite a shocking proportion of people are suffering from technology that doesn’t deliver.”

I found this factoid in the write up interesting:

…vendors know their product and its strengths and weaknesses, but buyers don’t have the time or information to understand all their options. “This information asymmetry is the classic market for lemons, as described by George Akerlof in 1970,” said Hubback. “A vendor knows a lot more about the quality of the product than the buyer so the vendor is not incentivized to bring high-quality products to market because buyers can’t properly evaluate what they’re buying.”

Exploitation of a customer’s ignorance and trust?

Net net: Is this encouraging bad actors?

Stephen E Arnold, June 21, 2022

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