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The cost of cybersecurity incidents is large and growing. However, conventional methods for measuring loss and choosing … damage on average. Numerical experiments suggest the dependence aspect is important and can alter final risk estimates by as …
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. These cyber-physical systems pose a new host of deadly security risks that traditional notions of cybersecurity struggle to … cybersecurity breach could pose lethal dangers to masses of patients.The U.S. Food and Drug Administration (FDA) is tasked with … traditional medical hardware—is ill-suited to the unique problems of cybersecurity. Because perfect cybersecurity is impossible …
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Cyber risk, a type of operational risk, is today considered a key component in the enterprise risk management framework …. Under BASEL regulations, a bank could recognize the risk mitigating impact of the Cyber Liability Insurance (CLI) contract … while calculating the minimum operational risk capital requirement. Despite this benefit and the onerous data protection …
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In a world that is increasingly connected on-line, cyber risks become critical. Cyber risk management is very difficult … data may be collected in terms of ordered severity levels. However, to date, there are no risk models for ordinal cyber …
Persistent link: https://www.econbiz.de/10013242682
This paper utilizes three large databases to better understand the characteristics of cyber loss events, especially how to deal with data biases and how cyber losses evolve over time. We first deal with the problem of report delay with an extended two-stage model in combination with detailed...
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and user behaviours. Scholarship on cyber risk management, as found in the cybersecurity literature and adjacent fields …Cyber risk arises from contemporary conditions of informational hyperconnectivity and consequent relations of value and … heightened awareness of these dynamics and deepened attention to cyber risk as the object of public policy, corporate practice …
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