Cyber Risk For The Financial Sector A Framework For Quantitative Assessment
Download and Read Cyber Risk For The Financial Sector A Framework For Quantitative Assessment full books in PDF, ePUB, and Kindle. Read online free Cyber Risk For The Financial Sector A Framework For Quantitative Assessment ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment
Author | : Antoine Bouveret |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2018-06-22 |
Genre | : Computers |
ISBN | : 1484360753 |
Download Cyber Risk for the Financial Sector: A Framework for Quantitative Assessment Book in PDF, Epub and Kindle
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 for the Financial Sector: A Framework for Quantitative Assessment Related Books
Pages: 29
Pages: 276
Pages: 32
Pages: 36
Pages: 31