Interactive Brokers trading software bug cost them $113M
markets.businessinsider.com
markets.businessinsider.com
Average dev salary in the US: ~$100,000
113M / 100,000 = 1,113
Would it have been cheaper for Interactive Brokers to have hired another 1,112 software engineers? What about 111.2 security experts commanding $1M salaries? Maybe they could have given $10M prizes to the top 11 researchers in formal verification.
Do security vulnerabilities impose meager wear-n-tear costs on businesses and economies? Or is the cost more like that of a natural disaster?