Digital Asset Valuation and Cyber Risk Measurement

  • ID: 4226518
  • Book
  • 175 Pages
  • Elsevier Science and Technology
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Cyber Risk Measurement and Management: An Introduction to Cybernomics 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 mega trend. The book addresses three problem areas: the valuation of digital assets, quantification of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a novel cyber risk measurement unit, the book includes value, risk, control and cost, each of which are viewed from the perspective of entity, portfolio and global ramifications.

. Highlights cutting-edge risk measurement practices regarding cyber security risk management . Focuses on topics such as cyber insurance, regulatory compliance, supply chain vulnerabilities, and risk concentration. . Estimates costs of improvements to strengthen control effectiveness against a given risk scenario . Applies classic risk management options (risk acceptance, risk avoidance, risk mitigation and risk transfer) to cyber risk economic modelling to maximise returns . Introduces novel cyber risk measurement units for risk quantification on entity, portfolio and global levels . 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

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1. Introduction

Section 1 Valuation of Digital Assets 2.  Intrinsic, Market and Subjective Value of Digital Assets 3.  Nature of Digital Infrastructure 4. Value Aggregation in the Digital Supply Chain

Section 2 Inherent Risks of Digital Valuables 5. A Data-centric View of Entity-level Inherent Cyber Risk Profiling 6. Nature of a Cyber Loss Event 7. Cyber Risk Accumulation in a Portfolio of Entities 8. Defining the Cyber Risk Unit
GLMR

Section 3 Control Effectiveness for Cyber Risk 9. Measuring Cyber Risk Exposure: the Conversion from Qualitative Risk Assessments to Quantitative Measurements 10. Value of Benchmarking and the Influence of Peers 11. Measuring Return of Investment (ROI) for Cyber Transformation Programs

Section 4 Capital Modelling for Managing Residual Cyber Risk 12. Quantifying Residual Cyber Risk Using Structured Loss Scenario Analysis 13. Articulation of Cyber Risk Appetite 14. Transferring Residual Cyber Risk through Insurance 15. Point of Diminishing Returns for Cyber Resilience Investment

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Ruan, Keyun
Keyun Ruan is a computer scientist and author. Coined the term "cloud forensics” in 2009 during her Ph.D. in cybercrime investigation, Keyun pioneered the field with foundational publications, talks, and edited the world's first academic reference book, making her one of the most cited scholar on the topic. She led and contributed to working groups commissioned by the U.S. government and European Commission to advance industry standards of cloud computing and the future of digital infrastructure. She has advised large telecommunications companies, fast growing risk analytics and Fintech start-ups, as well as global financial services companies on cloud security and risk management. She has been involved in cyber risk measurement and economic modelling for leading insurers and reinsurers since 2012.
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