Zeller, Gabriela; Scherer, Matthias - In: European Actuarial Journal 12 (2021) 1, pp. 33-85
After scrutinizing technical, legal, financial, and actuarial aspects of cyber risk, a new approach for modelling cyber … attacks as well as accidents and failures. The resulting model is able to include the dynamic nature of cyber risk, while … risk using marked point processes is proposed. Key covariates, required to model frequency and severity of cyber claims …