Poor software costs the US 2.4 trillion

TL;DR

The report’s findings reflect that as of 2022, the cost of poor software quality in the U.S. — which includes cyberattacks due to existing vulnerabilities, complex issues involving the software supply chain, and the growing impact of rapidly accumulating technical debt — have led to a build-up of historic software deficiencies.Co-sponsored by Synopsys, the report was produced by the Consortium for Information & Software Quality (CISQ), an organization developing international standards to automate software quality measurement and promoting the development and maintenance of secure, reliable, and trustworthy software.The report highlights several key areas of CPSQ growth, including:- Cybercrime losses due to a rising number of software vulnerabilities.“In today’s complex software supply chain, just because a newly-added open source component is secure today, does not mean that it will be secure tomorrow,” said Dr. Anita D’Amico, Synopsys Software Integrity Group VP of Cross-Portfolio Solutions and Strategy and CISQ Board Member.That means when a new vulnerability is identified in an existing component, organizations can quickly identify where it is in their software and take action to remedy it.”The report also found that operational failures, primarily due to cyber-attacks and open source deficiencies, have risen alongside technical debt as deficiencies aren’t being resolved at a comparable rate."

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