Cyber Catastrophes Explained

September 30, 2020

A deep dive into the considerations taken to create a definition of a cyber catastrophe for cyber risk modeling.

In this article you can learn more about:

Discussion on the misalignment of the term “event” by cybersecurity and insurance professionals.
Explanation of an impact based modeling approach, which links the effect of a cyber event with its financial implications.
A cyber catastrophe is defined as an infrequent cyber event that causes severe loss, injury, or property damage to a large population of cyber exposures.
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