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Fixing Software Bugs Costs $312 Billion per Year and Puts Organizations at Risk


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Today’s IP news roundup highlights some of the latest headlines in IT spending, network security and more:

  • The cost of software goes well beyond its initial purchase and maintenance. According to a Cambridge University study, “finding and fixing coding problems costs software makers and the global economy $312 billion a year. That doesn’t reflect what customers must also spend to patch and maintain that software on their networks.” One of the biggest costs is the amount of time, labour and money required to ensure corporate networks are secure every time a software vendor issues a new patch. An InformationWeek article discussed how all these updates are putting organizations at risk. For example, 25% of hospital liability lawsuits are related to software coding problems. For more information on the high costs of software, along with ways to limit your risks, see InformationWeek.
  • New advanced threat detection technologies promise to protect from malware. According to SearchSecurity.com, many of these technologies use a technique called sandboxing. With sandboxing, “Network traffic analysis is used to discover potential threats on the network. Patterns of behavior are analyzed, and suspicious files are sent to the sandbox. The files are then examined in an environment of virtual machines that analyze behavior in a suite of different operating systems and software versions. All changes made by the files are recorded, and a report is presented which shows all areas of the operating system and software that were changed. Based on this report, the files can be flagged as malware.” For more information on sandboxing, see SearchSecurity.com.

What is your take on today’s news? Feel free to share your opinions below.

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