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Crumbling bridges: The failed economics of software maintenance

Author

Listed:
  • Herz, JC

    (Exiger, USA)

Abstract

This paper defines a microeconomic framework for understanding systemic failure in cyber security as market failure. In a marketplace with limited supply chain transparency on software quality in general and software maintenance in particular, rational actors — both software vendors and software buyers — will maximise economic returns by minimising software maintenance and security. As technical debt accrues, so does vulnerability and operational risk, as systems become more difficult to update. In this regard, the depreciation of resilience in software infrastructure is similar to the breakdown of physical infrastructure that is chronically undermaintained, but with the added element of adversarial profit. These problems cannot be solved at the computer science level that created them. They can only be solved as a business problem, as transparency requirements (eg software bill of materials [SBOMs]) and automation slash the cost of diligence, enable preferential selection of higher-quality software and continuous enforcement of terms and conditions for active maintenance.

Suggested Citation

  • Herz, JC, 2024. "Crumbling bridges: The failed economics of software maintenance," Cyber Security: A Peer-Reviewed Journal, Henry Stewart Publications, vol. 8(2), pages 150-159, October.
    • Handle: RePEc:aza:csj000:y:2024:v:8:i:2:p:150-159
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    More about this item

    Keywords

    software supply chain; SCRM; C-SCRM; vulnerability management; end of life; compliance; procurement;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management

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