Although the use of statistics in legal proceedings has considerably grown in the last 40 years, primarily classical statistical methods rather than Bayesian methods have been used. Yet the Bayesian approach avoids many of the problems of classical statistics and is also well suited to a broader...

This paper describes the use of Bayesian networks (BNs) to model the operational risk to information technology (IT) infrastructure in financial and other institutions. We describe a methodology for modeling financial losses that might result from operational risk scenarios involving data...