The increasing cyber connectivity of vehicles and between vehicles and infrastructure will drastically reshape mobility in the coming decades. Although the advent of connected mobility is expected to benefit travelers and society by smoothing traffic, improving rider convenience, and reducing...

Financial institutions are increasingly subject to cyber incidents and attacks. Cyber intrusions threaten these institutions' balance-sheets and reputations, and can undermine their resilience. From a societal perspective, cyber risk is particularly concerning as it regards systemically...

The aim of this paper is to develop an approach to extract information about cyber risks from structured financial products. We consider decision makers that are interested in extracting information about the uncertainty of Cyber risks. The value of information can be evaluated using recently...

This article is focused on the economic impact assessment of Internet of Things (IoT) and its associated cyber risks vectors and vertices – a reinterpretation of IoT verticals. We adapt to IoT both the Cyber Value at Risk model, a well-established model for measuring the maximum possible loss...

The banking system of Bangladesh is facing major security threats because it is easier to get cash and customer's information from this sector. To ensure cyber security of the financial services organizations, introducing cutting-edge technologies, artificial intelligence and orchestration are...

We analyze whether cybersecurity, as an associated cost attached to digitization, slows down the digital economy. Our identification strategy exploits the staggered adoption of security breach notification laws (SBNLs) in 47 US states, which require companies to publicly disclose data breaches....

The Consumer Finance Institute hosted a workshop in February 2017 featuring James Fox, partner and principal at PricewaterhouseCoopers (PwC) and a leading authority on cybersecurity in the financial services industry. He discussed the importance of measuring cyber risk, highlighted some...

The internet has impacted the lives of individuals, organisations, and governments all over the world. However, it is now viewed and adopted with caution due mainly to the criminal tendencies of some misguided elements within the society. The internet technology has evolved to become a weapon of...

The SEC has expressed concern that some emerging risks - most notably, cybersecurity risk - exhibit an insufficient level and quality of disclosure. Policymakers envision a board role in cybersecurity risk management, but whether that role would effectively improve risk disclosure is an open...

Our everyday lives are laced, often invisibly, with connected technologies, making the security of those devices and the data they carry increasingly important in ways that we may not have expected only recently. But when it comes to addressing the risks of cybersecurity, our institutions have...