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The Economic impact of extreme cyber risk
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MAP20230021927
Eling, Martin ‌
The Economic impact of extreme cyber risk / Martin Eling, Mauro Elvedi, Greg Falco
Sumario: Numerous industry studies discuss the economic effects of potentially extreme cyber incidents, with considerable variation in the applied methodology and estimated costs. We implement a dynamic inoperability inputoutput model that allows a consistent analysis and comparison of the economic impacts resulting from six widely discussed cyber risk scenarios. Our model accounts for the frequently omitted qualitative context of the scenarios to be considered as part of the economic projection. Overall, our loss estimations remain in an insurable range from US$0.7 to 35 billion. To our knowledge, this is the first effort to develop a standardized evaluation framework that allows for a consistent assessment of cyber risk scenarios, thereby enabling comparability
En: North American actuarial journal. - Schaumburg : Society of Actuaries, 1997- = ISSN 1092-0277. - 06/09/2023 Tomo 27 Número 3 - 2023 , 16 p.
1. Ciberseguridad ‌. 2. Evaluación de impacto ‌. 3. Ciberriesgos ‌. 4. Análisis económico ‌. 5. Cálculo actuarial ‌. 6. Modelos actuariales ‌. 7. Clasificación de riesgos ‌. 8. Impacto económico ‌. I. Elvedi, Mauro ‌. II. Falco, Greg ‌.