Thursday 31 December 2015

The cyber security companies do not have the incentive to eliminate all existing and potential hacker attacks

Cyber security is crucially important in today's world, because all businesses are using IT technology to increase their efficiency and productive capacities. However, I think the nature of the market requires the cyber security firms and hackers. They are against each other, but the cyber security firms need the existence of hackers. When the cyber security companies are doing well that their products block all hacker attacks and viruses, people stop their investment in the cyber security industry as they believe there is no need for this sector to grow further. However, when hackers attacks cause major losses, people think these companies are not doing well, and they will lose some of their contracts, thus their market values will decrease. Therefore, the goal of the cyber security firms is not about to eliminating all hackers, instead they want to limit the damages caused by hacker attacks.

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