Financial Cybersecurity Risk Management

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Financial Cybersecurity Risk Management

Author : Paul Rohmeyer
Publisher : Apress
ISBN 13 : 1484241940
Total Pages : 276 pages
Book Rating : 4.4/5 (842 download)

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Book Synopsis Financial Cybersecurity Risk Management by : Paul Rohmeyer

Download or read book Financial Cybersecurity Risk Management written by Paul Rohmeyer and published by Apress. This book was released on 2018-12-13 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systemsImprove the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterpriseLeverage cybersecurity regulatory and industry standards to help manage financial services risksUse cybersecurity scenarios to measure systemic risks in financial systems environmentsApply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers

Cyber Risk, Market Failures, and Financial Stability

Author : Emanuel Kopp
Publisher : International Monetary Fund
ISBN 13 : 1484314131
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Cyber Risk, Market Failures, and Financial Stability by : Emanuel Kopp

Download or read book Cyber Risk, Market Failures, and Financial Stability written by Emanuel Kopp and published by International Monetary Fund. This book was released on 2017-08-07 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk.

Hands-On Cybersecurity for Finance

Author : Dr. Erdal Ozkaya
Publisher : Packt Publishing Ltd
ISBN 13 : 178883173X
Total Pages : 300 pages
Book Rating : 4.7/5 (888 download)

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Book Synopsis Hands-On Cybersecurity for Finance by : Dr. Erdal Ozkaya

Download or read book Hands-On Cybersecurity for Finance written by Dr. Erdal Ozkaya and published by Packt Publishing Ltd. This book was released on 2019-01-31 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide that will give you hands-on experience to study and overcome financial cyber threats Key FeaturesProtect your financial environment with cybersecurity practices and methodologiesIdentify vulnerabilities such as data manipulation and fraudulent transactionsProvide end-to-end protection within organizationsBook Description Organizations have always been a target of cybercrime. Hands-On Cybersecurity for Finance teaches you how to successfully defend your system against common cyber threats, making sure your financial services are a step ahead in terms of security. The book begins by providing an overall description of cybersecurity, guiding you through some of the most important services and technologies currently at risk from cyber threats. Once you have familiarized yourself with the topic, you will explore specific technologies and threats based on case studies and real-life scenarios. As you progress through the chapters, you will discover vulnerabilities and bugs (including the human risk factor), gaining an expert-level view of the most recent threats. You'll then explore information on how you can achieve data and infrastructure protection. In the concluding chapters, you will cover recent and significant updates to procedures and configurations, accompanied by important details related to cybersecurity research and development in IT-based financial services. By the end of the book, you will have gained a basic understanding of the future of information security and will be able to protect financial services and their related infrastructures. What you will learnUnderstand the cyber threats faced by organizationsDiscover how to identify attackersPerform vulnerability assessment, software testing, and pentestingDefend your financial cyberspace using mitigation techniques and remediation plansImplement encryption and decryptionUnderstand how Artificial Intelligence (AI) affects cybersecurityWho this book is for Hands-On Cybersecurity for Finance is for you if you are a security architect, cyber risk manager, or pentester looking to secure your organization. Basic understanding of cybersecurity tools and practices will help you get the most out of this book.

Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment

Author : Antoine Bouveret
Publisher : International Monetary Fund
ISBN 13 : 1484360753
Total Pages : 29 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment by : Antoine Bouveret

Download or read book Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment written by Antoine Bouveret and published by International Monetary Fund. This book was released on 2018-06-22 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and business disruption) and identifying patterns using a variety of datasets. The other novel contribution that is outlined is a quantitative framework to assess cyber risk for the financial sector. The framework draws on a standard VaR type framework used to assess various types of stability risk and can be easily applied at the individual country level. The framework is applied in this paper to the available cross-country data and yields illustrative aggregated losses for the financial sector in the sample across a variety of scenarios ranging from 10 to 30 percent of net income.

Cyber Risk Management

Author : Christopher Hodson
Publisher : Kogan Page
ISBN 13 : 9780749484125
Total Pages : 416 pages
Book Rating : 4.4/5 (841 download)

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Book Synopsis Cyber Risk Management by : Christopher Hodson

Download or read book Cyber Risk Management written by Christopher Hodson and published by Kogan Page. This book was released on 2019 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learn how to prioritize threats, implement a cyber security programme and effectively communicate risks

Cybersecurity Risk Supervision

Author : Christopher Wilson
Publisher : International Monetary Fund
ISBN 13 : 151351525X
Total Pages : 55 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Cybersecurity Risk Supervision by : Christopher Wilson

Download or read book Cybersecurity Risk Supervision written by Christopher Wilson and published by International Monetary Fund. This book was released on 2019-09-24 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper highlights the emerging supervisory practices that contribute to effective cybersecurity risk supervision, with an emphasis on how these practices can be adopted by those agencies that are at an early stage of developing a supervisory approach to strengthen cyber resilience. Financial sector supervisory authorities the world over are working to establish and implement a framework for cyber risk supervision. Cyber risk often stems from malicious intent, and a successful cyber attack—unlike most other sources of risk—can shut down a supervised firm immediately and lead to systemwide disruptions and failures. The probability of attack has increased as financial systems have become more reliant on information and communication technologies and as threats have continued to evolve.

Managing Cyber Risk

Author : Ariel Evans
Publisher : Routledge
ISBN 13 : 0429614268
Total Pages : 134 pages
Book Rating : 4.4/5 (296 download)

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Book Synopsis Managing Cyber Risk by : Ariel Evans

Download or read book Managing Cyber Risk written by Ariel Evans and published by Routledge. This book was released on 2019-03-28 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization’s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy. Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders – managers, executives, and directors – with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts. Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level.

Global Cyber Security Labor Shortage and International Business Risk

Author : Christiansen, Bryan
Publisher : IGI Global
ISBN 13 : 1522559280
Total Pages : 447 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Global Cyber Security Labor Shortage and International Business Risk by : Christiansen, Bryan

Download or read book Global Cyber Security Labor Shortage and International Business Risk written by Christiansen, Bryan and published by IGI Global. This book was released on 2018-10-05 with total page 447 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global events involving cybersecurity breaches have highlighted the ever-growing dependence on interconnected online systems in international business. The increasing societal dependence on information technology has pushed cybersecurity to the forefront as one of the most urgent challenges facing the global community today. Poor cybersecurity is the primary reason hackers are able to penetrate safeguards in business computers and other networks, and the growing global skills gap in cybersecurity simply exacerbates the problem. Global Cyber Security Labor Shortage and International Business Risk provides emerging research exploring the theoretical and practical aspects of protecting computer systems against online threats as well as transformative business models to ensure sustainability and longevity. Featuring coverage on a broad range of topics such as cybercrime, technology security training, and labor market understanding, this book is ideally designed for professionals, managers, IT consultants, programmers, academicians, and students seeking current research on cyber security’s influence on business, education, and social networks.

Central Bank Risk Management, Fintech, and Cybersecurity

Author : Mr. Ashraf Khan
Publisher : International Monetary Fund
ISBN 13 : 1513582348
Total Pages : 75 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Central Bank Risk Management, Fintech, and Cybersecurity by : Mr. Ashraf Khan

Download or read book Central Bank Risk Management, Fintech, and Cybersecurity written by Mr. Ashraf Khan and published by International Monetary Fund. This book was released on 2021-04-23 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on technical assistance to central banks by the IMF’s Monetary and Capital Markets Department and Information Technology Department, this paper examines fintech and the related area of cybersecurity from the perspective of central bank risk management. The paper draws on findings from the IMF Article IV Database, selected FSAP and country cases, and gives examples of central bank risks related to fintech and cybersecurity. The paper highlights that fintech- and cybersecurity-related risks for central banks should be addressed by operationalizing sound internal risk management by establishing and strengthening an integrated risk management approach throughout the organization, including a dedicated risk management unit, ongoing sensitizing and training of Board members and staff, clear reporting lines, assessing cyber resilience and security posture, and tying risk management into strategic planning.. Given the fast-evolving nature of such risks, central banks could make use of timely and regular inputs from external experts.

Countering Cyber Threats to Financial Institutions

Author : Pierre-Luc Pomerleau
Publisher : Palgrave Macmillan
ISBN 13 : 9783030540531
Total Pages : 224 pages
Book Rating : 4.5/5 (45 download)

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Book Synopsis Countering Cyber Threats to Financial Institutions by : Pierre-Luc Pomerleau

Download or read book Countering Cyber Threats to Financial Institutions written by Pierre-Luc Pomerleau and published by Palgrave Macmillan. This book was released on 2020-08-30 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.

South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight

Author : International Monetary
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight by : International Monetary

Download or read book South Africa: Financial Sector Assessment Program-Technical Note on Cybersecurity Risk Supervision and Oversight written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-17 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cybersecurity risk continues to grow both in complexity and severity and is a function of an increasingly open and interconnected cyber and financial ecosystem. The South African financial system has a long history of incorporating technology and as for many financial systems across the globe, digitalization has become a strategic priority. For risk management to keep pace with the dynamic nature of cyber threats and threat agents, systemically important financial institutions (SIFIs) have made substantial investments in cyber resilience programs (e.g., establishing cyber strategies, frameworks, and governance structures). Consistent with many jurisdictions, and partly a result of widespread remote working arrangements implemented in response to the global pandemic, cybersecurity threats to financial stability increased. However, high standards of risk management meant threats did not materialize into significant losses and/or disruptions.

Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate

Author : AICPA
Publisher : Wiley
ISBN 13 : 9781119544753
Total Pages : 0 pages
Book Rating : 4.5/5 (447 download)

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Book Synopsis Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate by : AICPA

Download or read book Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate written by AICPA and published by Wiley. This book was released on 2019-04-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Cybersecurity Fundamentals for Finance and Accounting Professionals Certificate course (15.5 CPE Credits) will help you develop fluency and gain confidence to make sound strategic decisions regarding cybersecurity risk. You’ll also learn what you should be doing as a non-IT professional, to help protect your clients and your organization from cyber threats. Understand cybersecurity—and be part of the solution. The threats from cyber-attacks are real, and can: Disrupt businesses Result in financial losses Destroy an organization's reputation In fact, cybercrime damage costs are expected to hit $6 trillion annually by 2021. Organizations are under pressure to show that they have effective processes in place to detect, mitigate, and recover from cybersecurity events. This certificate course gives you a foundation in cybersecurity so you can provide valuable leadership within your organization—or with your clients. What do you need to know about cybersecurity? You don't have to become an IT expert. But, you do need to be able to speak intelligently and: Understand key elements of the AICPA's cybersecurity risk management reporting framework; Learn the terminology and the right questions to ask; Understand the potential risks and opportunities for your organization or clients; Help advise on investments in cybersecurity or identify roles for cybersecurity specialists; and, Apply a security mindset to your daily work. Gain expertise—and show it with this certificate and digital badge As cybercrime threats grow, it's essential for financial professionals to understanding what the risks are and how mitigate or manage them. This interactive, self-paced certificate program, authored by cybersecurity expert Chris Romeo, will help you acquire these skills so you can: Add value to your organization Create opportunities for your career growth Consider exploring cybersecurity advisory as a specialization for yourself or your firm Who Will Benefit? Finance professionals CFOs and business managers Controllers and internal auditors Management and public accountants Key Topics Cybersecurity terminology and digital transformation Attacks and the security mindset Data breaches and privacy Cybersecurity frameworks including NIST CSF Elements of a cybersecurity risk management program Benefits of investing in cybersecurity Options for cybersecurity service offerings Learning Objectives Recognize the impact of digital transformation on business. Recognize key cybersecurity terms and what it takes to have a security mindset. Recognize the threat landscape and the importance of security to various technologies. Recognize how a data breach occurs and the organizational impact. Recognize the impact to the organization when privacy is compromised. Recognize the definition and purpose of a cybersecurity risk management program and description criteria. Identify which security framework(s) would be best for your organization or client. Identify the five functions described in the core of the NIST Cybersecurity Framework (CSF). Credit Info CPE CREDITS: Online: 15.5 (CPE credit info) NASBA FIELD OF STUDY: Information Technology LEVEL: Basic PREREQUISITES: None ADVANCE PREPARATION: None DELIVERY METHOD: QAS Self-Study COURSE ACRONYM: CSFD Online Access Instructions A personal pin code is enclosed in the physical packaging that may be activated online upon receipt. Once activated, you will gain immediate online access to the product. System Requirements AICPA’s online CPE courses will operate in a variety of configurations, but only the configuration described below is supported by AICPA technicians. A stable and continuous internet connection is required. In order to record your completion of the online learning courses, please ensure you are connected to the internet at all times while taking the course. It is your responsibility to validate that CPE certificate(s) are available within your account after successfully completing the course and/or exam. Supported Operating Systems: Macintosh OS X 10.10 to present Windows 7 to present Supported Browsers: Apple Safari Google Chrome Microsoft Internet Explorer Mozilla Firefox Required Browser Plug-ins: Adobe Flash Adobe Acrobat Reader Technical Support: Please contact [email protected].

Cyber Risk and Financial Stability

Author : Frank Adelmann
Publisher : International Monetary Fund
ISBN 13 : 1513512293
Total Pages : 32 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Cyber Risk and Financial Stability by : Frank Adelmann

Download or read book Cyber Risk and Financial Stability written by Frank Adelmann and published by International Monetary Fund. This book was released on 2020-12-07 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ability of attackers to undermine, disrupt and disable information and communication technology systems used by financial institutions is a threat to financial stability and one that requires additional attention.

Countering Cyber Threats to Financial Institutions

Author : Pierre-Luc Pomerleau
Publisher : Springer Nature
ISBN 13 : 3030540545
Total Pages : 224 pages
Book Rating : 4.0/5 (35 download)

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Book Synopsis Countering Cyber Threats to Financial Institutions by : Pierre-Luc Pomerleau

Download or read book Countering Cyber Threats to Financial Institutions written by Pierre-Luc Pomerleau and published by Springer Nature. This book was released on 2020-08-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exploring the negative social impact of cyber-attacks, this book takes a closer look at the challenges faced by both the public and private sectors of the financial industry. It is widely known amongst senior executives in both sectors that cybercrime poses a real threat, however effective collaboration between individual financial institutions and the public sector into detecting, monitoring and responding to cyber-attacks remains limited. Addressing this problem, the authors present the results from a series of interviews with cybersecurity professionals based in Canada in order to better understand the potential risks and threats that financial institutions are facing in the digital age. Offering policy recommendations for improving cybersecurity protection measures within financial institutions, and enhancing the sharing of information between the public and private sector, this book is a timely and invaluable read for those researching financial services, cybercrime and risk management, as well as finance professionals interested in cybersecurity.

Understanding Cybersecurity Management in FinTech

Author : Gurdip Kaur
Publisher : Springer Nature
ISBN 13 : 3030799158
Total Pages : 193 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Understanding Cybersecurity Management in FinTech by : Gurdip Kaur

Download or read book Understanding Cybersecurity Management in FinTech written by Gurdip Kaur and published by Springer Nature. This book was released on 2021-08-04 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book uncovers the idea of understanding cybersecurity management in FinTech. It commences with introducing fundamentals of FinTech and cybersecurity to readers. It emphasizes on the importance of cybersecurity for financial institutions by illustrating recent cyber breaches, attacks, and financial losses. The book delves into understanding cyber threats and adversaries who can exploit those threats. It advances with cybersecurity threat, vulnerability, and risk management in FinTech. The book helps readers understand cyber threat landscape comprising different threat categories that can exploit different types of vulnerabilties identified in FinTech. It puts forward prominent threat modelling strategies by focusing on attackers, assets, and software and addresses the challenges in managing cyber risks in FinTech. The authors discuss detailed cybersecurity policies and strategies that can be used to secure financial institutions and provide recommendations to secure financial institutions from cyber-attacks.

Enhancing the Role of Insurance in Cyber Risk Management

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264282149
Total Pages : 140 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Enhancing the Role of Insurance in Cyber Risk Management by : OECD

Download or read book Enhancing the Role of Insurance in Cyber Risk Management written by OECD and published by OECD Publishing. This book was released on 2017-12-08 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges.

Digital Asset Valuation and Cyber Risk Measurement

Author : Keyun Ruan
Publisher : Academic Press
ISBN 13 : 0128123281
Total Pages : 200 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Digital Asset Valuation and Cyber Risk Measurement by : Keyun Ruan

Download or read book Digital Asset Valuation and Cyber Risk Measurement written by Keyun Ruan and published by Academic Press. This book was released on 2019-05-29 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK Provides a case study on cyber insurance