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Access "Anticipating the worst: Security threat awareness and mitigation"

Published: 13 Dec 2012

Many IT managers have been lulled into a false sense of security by the "coin-flip principle," which goes like this: Let's say you flip a coin nine times, and it comes up heads every time. What are the chances it will come up heads again on the 10th time? You may be tempted to say one in 1,000, or one in 100,000 or one in 1 million. But the correct answer is disarmingly obvious: one in two. Every time you flip a coin, the chance of it coming up heads is 50/50. In this case, history has no impact on the future; it's only our flawed thinking about probabilities that makes us assume otherwise. While the analogy is inexact, the coin-flip principle can be applied to some forms of cyberattack. Because they haven't happened yet, we assume they won't. Perhaps the best example of this is the notion of a combined physical/cyber attack on our national infrastructure. Like most people, I've always pooh-poohed the idea of a "cyber-Pearl Harbor" because, for all the hype about it, it hasn't happened. But a recent conversation I had with Dan Geer radically changed my mind.... Access >>>

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