Cybersecurity breaches may be correlated due to geography, similar infrastructure, or use of a third-party contractor. We show how a copula model may be used to estimate the probability of an attack where breaches may be correlated among firms. Losses arising from cybersecurity breaches have an...

In this research, we consider cyber risk in insurance using a quantum approach, with a focus on the differences between reported cyber claims and the number of cyber attacks that caused them. Unlike the traditional probabilistic approach, quantum modeling makes it possible to deal with...

Introduction -- Board cyber risk oversight -- Principles behind cyber risk management -- Cybersecurity policies and procedures -- Cyber strategic performance management -- Standards and frameworks for cybersecurity -- Identifying, analyzing, and evaluating cyber risks -- Treating cyber risks --...

The board of directors is expected to ensure that management has identified and developed processes to mitigate risks facing the organization, including risks arising from data theft and the loss of information. Unfortunately, recent experience suggests that companies are not doing a sufficient...