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The ability of attackers to undermine, disrupt and disable information and communication technology systems used by financial institutions is a threat to financial stability and one that requires additional attention
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In financial markets, clients entrust their capital and data to financial infrastructure providers who are vulnerable to breaches. We develop a model in which infrastructure providers compete to provide secure and efficient client services, in the presence of a cyber-attacker. In equilibrium,...
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Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It … approaches to assess and monitor cyber risk to the financial sector, including various approaches to stress testing. The paper …
Persistent link: https://www.econbiz.de/10012170162
Financial technologies (fintechs) are continuously expanding, across different markets and financial services. While financial technologies bring many opportunities, such as reduced costs and extended inclusion, they also bring risks, among which include cyber risks, that are difficult to...
Persistent link: https://www.econbiz.de/10014375287
Risikomanagement die Wahrscheinlichkeit und das Ausmass eines Cyber-Risk-Schadens erheblich senken kann. Cyber-Versicherungen bieten in …Cyber Risk stellt eines der grossen neuen Risiken des 21. Jahrhunderts dar. Wir analysieren das Management dieser neuen … diesem Kontext eine gute Möglichkeit, Risiken zu transferieren und können so zu einem effizienten Risikomanagement beitragen …
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A company's cyber defenses are based on a secure infrastructure and risk-aware behavior by employees. With rising cyber … threats and normative training efforts showing limited impact, raising cyber risk awareness is emerging as a challenging … to understanding attitudes and influencing risk behavior. We propose and test a novel methodology to combine and …
Persistent link: https://www.econbiz.de/10014636858
that cybersecurity breaches provide an informed signal to creditors about the firm's level of cybersecurity risk. Overall …, I provide evidence that cybersecurity risk has an economically significant impact on firms' financing costs …
Persistent link: https://www.econbiz.de/10012868226