CAS Co-Sponsors Research on Quantification of Cyber Risk

Quantification of Cyber Risk for Actuaries

Because of its complexity, ensuring the security of cyberspace is one of today’s most significant challenges. As the cyber environment becomes more integrated with the real world, the direct impact of cybersecurity incidents on business is also heightened. Authored by researchers at the University at Albany—SUNY (Albany, NY), Old Dominion University (Norfolk, VA), and Tallinn University of Technology (Tallinn, Estonia), this study aims to develop a generic model that can be applied by any organization. For the validation of the developed cyber risk analysis method, simulations and sensitivity analysis will be performed.

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Quantification of Cyber Risk for Actuaries

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