 |
| |
|
WIFO Research Seminar: "Quantifying Cyber Risk"
|
| |
Dear Sir or Madam,
WIFO cordially invites you to the next online date of the WIFO Research Seminar:
Monday, May 31, 2021, 1:30 p.m.
Online appointment via GoToMeeting: Participation Link
Rainer Böhme (University of Innsbruck)
"Quantifying Cyber Risk"
Research question(s): How much harm results from cyber incidents?
Which security interventions effectively reduce harm?
Have these answers changed over time?
Approach: Systematization of the empirical literature in several disciplines
Data: Stock markets, financial disclosures, insurance claims, news reports (breach disclosures), technical measurements, survey responses
Main result(s): Studies disagree on the harm resulting from cyber incidents
Omitted variables and sampling biases cast doubt on many results
Indicators of exposure explain more variance than indicators of preventive security
Very little is known about systemic cyber risk
Policy implication(s): The market can handle individual cyber losses, but externalities creating systemic cyber risk require policy attention.
Statistical institutes should extend the collection of cyber risk indicators on a representative basis.
Working paper: https://informationsecurity.uibk.ac.at/pdfs/WB2020_sok_cyberrisk_snp.pdf
To import this lecture into your calendar, please click here.
We look forward to welcoming you for this lecture!
_____________________________________________
Agnes Kügler (Moderatorin/Chair)
WIFO – Österreichisches Institut für Wirtschaftsforschung
Arsenal, Objekt 20
1030 Wien
Tel.: +43 (1) 798 26 01-303
Fax: +43 (1) 798 93 86
Web: http://www.wifo.ac.at
E-Mail: Agnes.Kuegler@wifo.ac.at |
| |
|
|
