Understand Manage And Measure Cyber Risk

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Understand, Manage, and Measure Cyber Risk

Ryan Leirvik
Understand Manage and Measure Cyber Risk Book PDF

Author : Ryan Leirvik
Publisher : Apress
Page : 0 pages
File Size : 53,6 Mb
Release : 2023-06-25
Category : Computers
ISBN : 1484293185

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Understand, Manage, and Measure Cyber Risk by Ryan Leirvik Pdf

When it comes to managing cybersecurity in an organization, most organizations tussle with basic foundational components. This practitioner’s guide lays down those foundational components, with real client examples and pitfalls to avoid. A plethora of cybersecurity management resources are available—many with sound advice, management approaches, and technical solutions—but few with one common theme that pulls together management and technology, with a focus on executive oversight. Author Ryan Leirvik helps solve these common problems by providing a clear, easy-to-understand, and easy-to-deploy "playbook" for a cyber risk management approach applicable to your entire organization. This second edition provides tools and methods in a straight-forward, practical manner to guide the management of a cybersecurity program. Expanded sections include the critical integration of cyber risk management into enterprise risk management, the important connection between a Software Bill of Materials and Third-party Risk Programs, and additional "how to" tools and material for mapping frameworks to controls. Praise for Understand, Manage, and Measure Cyber Risk What lies ahead of you in the pages of this book? Clean practicality, not something that just looks good on paper—brittle and impractical when exposed to the real world. I prize flexibility and simplicity instead of attempting to have answers for everything and the rigidity that results. This simplicity is what I find valuable within Ryan's book. Tim Collyer, Motorola Solutions It seems that I have found a kindred spirit—a builder who has worked with a wide variety of client CISOs on their programs, gaining a deep understanding of how a successful and sustainable program should be constructed. Ryan's cyber work in the US Department of Defense, his McKinsey & Company consulting, and his advisory and survey work with IANS give him a unique global view of our shared passion. Nicholas J. Mankovich, PhD, MS, CISPP Who This Book Is For CISOs, CROs, CIOs, directors of risk management, and anyone struggling to pull together frameworks or basic metrics to quantify uncertainty and address risk

Understand, Manage, and Measure Cyber Risk

Ryan Leirvik
Understand Manage and Measure Cyber Risk Book PDF

Author : Ryan Leirvik
Publisher : Unknown
Page : 0 pages
File Size : 46,9 Mb
Release : 2022
Category : Electronic
ISBN : 1484278224

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Understand, Manage, and Measure Cyber Risk by Ryan Leirvik Pdf

When it comes to managing cybersecurity in an organization, most organizations tussle with basic foundational components. This practitioner's guide lays down those foundational components, with real client examples and pitfalls to avoid. A plethora of cybersecurity management resources are available-many with sound advice, management approaches, and technical solutions-but few with one common theme that pulls together management and technology, with a focus on executive oversight. Author Ryan Leirvik helps solve these common problems by providing a clear, easy-to-understand, and easy-to-deploy foundational cyber risk management approach applicable to your entire organization. The book provides tools and methods in a straight-forward practical manner to guide the management of your cybersecurity program and helps practitioners pull cyber from a "technical" problem to a "business risk management" problem, equipping you with a simple approach to understand, manage, and measure cyber risk for your enterprise. What You Will Learn Educate the executives/board on what you are doing to reduce risk Communicate the value of cybersecurity programs and investments through insightful risk-informative metrics Know your key performance indicators (KPIs), key risk indicators (KRIs), and/or objectives and key results Prioritize appropriate resources through identifying program-related gaps Lay down the foundational components of a program based on real examples, including pitfalls to avoid.

How to Measure Anything in Cybersecurity Risk

Douglas W. Hubbard,Richard Seiersen
How to Measure Anything in Cybersecurity Risk Book PDF

Author : Douglas W. Hubbard,Richard Seiersen
Publisher : John Wiley & Sons
Page : 304 pages
File Size : 49,8 Mb
Release : 2016-07-25
Category : Business & Economics
ISBN : 9781119085294

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How to Measure Anything in Cybersecurity Risk by Douglas W. Hubbard,Richard Seiersen Pdf

A ground shaking exposé on the failure of popular cyber risk management methods How to Measure Anything in Cybersecurity Risk exposes the shortcomings of current "risk management" practices, and offers a series of improvement techniques that help you fill the holes and ramp up security. In his bestselling book How to Measure Anything, author Douglas W. Hubbard opened the business world's eyes to the critical need for better measurement. This book expands upon that premise and draws from The Failure of Risk Management to sound the alarm in the cybersecurity realm. Some of the field's premier risk management approaches actually create more risk than they mitigate, and questionable methods have been duplicated across industries and embedded in the products accepted as gospel. This book sheds light on these blatant risks, and provides alternate techniques that can help improve your current situation. You'll also learn which approaches are too risky to save, and are actually more damaging than a total lack of any security. Dangerous risk management methods abound; there is no industry more critically in need of solutions than cybersecurity. This book provides solutions where they exist, and advises when to change tracks entirely. Discover the shortcomings of cybersecurity's "best practices" Learn which risk management approaches actually create risk Improve your current practices with practical alterations Learn which methods are beyond saving, and worse than doing nothing Insightful and enlightening, this book will inspire a closer examination of your company's own risk management practices in the context of cybersecurity. The end goal is airtight data protection, so finding cracks in the vault is a positive thing—as long as you get there before the bad guys do. How to Measure Anything in Cybersecurity Risk is your guide to more robust protection through better quantitative processes, approaches, and techniques.

Solving Cyber Risk

Andrew Coburn,Eireann Leverett,Gordon Woo
Solving Cyber Risk Book PDF

Author : Andrew Coburn,Eireann Leverett,Gordon Woo
Publisher : John Wiley & Sons
Page : 384 pages
File Size : 45,6 Mb
Release : 2018-12-18
Category : Business & Economics
ISBN : 9781119490937

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Solving Cyber Risk by Andrew Coburn,Eireann Leverett,Gordon Woo Pdf

The non-technical handbook for cyber security risk management Solving Cyber Risk distills a decade of research into a practical framework for cyber security. Blending statistical data and cost information with research into the culture, psychology, and business models of the hacker community, this book provides business executives, policy-makers, and individuals with a deeper understanding of existing future threats, and an action plan for safeguarding their organizations. Key Risk Indicators reveal vulnerabilities based on organization type, IT infrastructure and existing security measures, while expert discussion from leading cyber risk specialists details practical, real-world methods of risk reduction and mitigation. By the nature of the business, your organization’s customer database is packed with highly sensitive information that is essentially hacker-bait, and even a minor flaw in security protocol could spell disaster. This book takes you deep into the cyber threat landscape to show you how to keep your data secure. Understand who is carrying out cyber-attacks, and why Identify your organization’s risk of attack and vulnerability to damage Learn the most cost-effective risk reduction measures Adopt a new cyber risk assessment and quantification framework based on techniques used by the insurance industry By applying risk management principles to cyber security, non-technical leadership gains a greater understanding of the types of threat, level of threat, and level of investment needed to fortify the organization against attack. Just because you have not been hit does not mean your data is safe, and hackers rely on their targets’ complacence to help maximize their haul. Solving Cyber Risk gives you a concrete action plan for implementing top-notch preventative measures before you’re forced to implement damage control.

Financial Cybersecurity Risk Management

Paul Rohmeyer,Jennifer L. Bayuk
Financial Cybersecurity Risk Management Book PDF

Author : Paul Rohmeyer,Jennifer L. Bayuk
Publisher : Apress
Page : 276 pages
File Size : 40,8 Mb
Release : 2018-12-13
Category : Computers
ISBN : 9781484241943

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Financial Cybersecurity Risk Management by Paul Rohmeyer,Jennifer L. Bayuk Pdf

Understand critical cybersecurity and risk perspectives, insights, and tools for the leaders of complex financial systems and markets. This book offers guidance for decision makers and helps establish a framework for communication between cyber leaders and front-line professionals. Information is provided to help in the analysis of cyber challenges and choosing between risk treatment options. Financial cybersecurity is a complex, systemic risk challenge that includes technological and operational elements. The interconnectedness of financial systems and markets creates dynamic, high-risk environments where organizational security is greatly impacted by the level of security effectiveness of partners, counterparties, and other external organizations. The result is a high-risk environment with a growing need for cooperation between enterprises that are otherwise direct competitors. There is a new normal of continuous attack pressures that produce unprecedented enterprise threats that must be met with an array of countermeasures. Financial Cybersecurity Risk Management explores a range of cybersecurity topics impacting financial enterprises. This includes the threat and vulnerability landscape confronting the financial sector, risk assessment practices and methodologies, and cybersecurity data analytics. Governance perspectives, including executive and board considerations, are analyzed as are the appropriate control measures and executive risk reporting. What You’ll Learn Analyze the threat and vulnerability landscape confronting the financial sector Implement effective technology risk assessment practices and methodologies Craft strategies to treat observed risks in financial systemsImprove the effectiveness of enterprise cybersecurity capabilities Evaluate critical aspects of cybersecurity governance, including executive and board oversight Identify significant cybersecurity operational challenges Consider the impact of the cybersecurity mission across the enterpriseLeverage cybersecurity regulatory and industry standards to help manage financial services risksUse cybersecurity scenarios to measure systemic risks in financial systems environmentsApply key experiences from actual cybersecurity events to develop more robust cybersecurity architectures Who This Book Is For Decision makers, cyber leaders, and front-line professionals, including: chief risk officers, operational risk officers, chief information security officers, chief security officers, chief information officers, enterprise risk managers, cybersecurity operations directors, technology and cybersecurity risk analysts, cybersecurity architects and engineers, and compliance officers

The Cyber Risk Handbook

Domenic Antonucci
The Cyber Risk Handbook Book PDF

Author : Domenic Antonucci
Publisher : John Wiley & Sons
Page : 448 pages
File Size : 55,9 Mb
Release : 2017-04-03
Category : Business & Economics
ISBN : 9781119309727

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The Cyber Risk Handbook by Domenic Antonucci Pdf

Actionable guidance and expert perspective for real-world cybersecurity The Cyber Risk Handbook is the practitioner's guide to implementing, measuring and improving the counter-cyber capabilities of the modern enterprise. The first resource of its kind, this book provides authoritative guidance for real-world situations, and cross-functional solutions for enterprise-wide improvement. Beginning with an overview of counter-cyber evolution, the discussion quickly turns practical with design and implementation guidance for the range of capabilities expected of a robust cyber risk management system that is integrated with the enterprise risk management (ERM) system. Expert contributors from around the globe weigh in on specialized topics with tools and techniques to help any type or size of organization create a robust system tailored to its needs. Chapter summaries of required capabilities are aggregated to provide a new cyber risk maturity model used to benchmark capabilities and to road-map gap-improvement. Cyber risk is a fast-growing enterprise risk, not just an IT risk. Yet seldom is guidance provided as to what this means. This book is the first to tackle in detail those enterprise-wide capabilities expected by Board, CEO and Internal Audit, of the diverse executive management functions that need to team up with the Information Security function in order to provide integrated solutions. Learn how cyber risk management can be integrated to better protect your enterprise Design and benchmark new and improved practical counter-cyber capabilities Examine planning and implementation approaches, models, methods, and more Adopt a new cyber risk maturity model tailored to your enterprise needs The need to manage cyber risk across the enterprise—inclusive of the IT operations—is a growing concern as massive data breaches make the news on an alarmingly frequent basis. With a cyber risk management system now a business-necessary requirement, practitioners need to assess the effectiveness of their current system, and measure its gap-improvement over time in response to a dynamic and fast-moving threat landscape. The Cyber Risk Handbook brings the world's best thinking to bear on aligning that system to the enterprise and vice-a-versa. Every functional head of any organization must have a copy at-hand to understand their role in achieving that alignment.

Measuring and Managing Information Risk

Jack Freund,Jack Jones
Measuring and Managing Information Risk Book PDF

Author : Jack Freund,Jack Jones
Publisher : Butterworth-Heinemann
Page : 408 pages
File Size : 48,7 Mb
Release : 2014-08-23
Category : Computers
ISBN : 9780127999326

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Measuring and Managing Information Risk by Jack Freund,Jack Jones Pdf

Using the factor analysis of information risk (FAIR) methodology developed over ten years and adopted by corporations worldwide, Measuring and Managing Information Risk provides a proven and credible framework for understanding, measuring, and analyzing information risk of any size or complexity. Intended for organizations that need to either build a risk management program from the ground up or strengthen an existing one, this book provides a unique and fresh perspective on how to do a basic quantitative risk analysis. Covering such key areas as risk theory, risk calculation, scenario modeling, and communicating risk within the organization, Measuring and Managing Information Risk helps managers make better business decisions by understanding their organizational risk. Uses factor analysis of information risk (FAIR) as a methodology for measuring and managing risk in any organization. Carefully balances theory with practical applicability and relevant stories of successful implementation. Includes examples from a wide variety of businesses and situations presented in an accessible writing style.

Hack the Cybersecurity Interview

Ken Underhill,Christophe Foulon,Tia Hopkins,Mari Galloway
Hack the Cybersecurity Interview Book PDF

Author : Ken Underhill,Christophe Foulon,Tia Hopkins,Mari Galloway
Publisher : Packt Publishing Ltd
Page : 260 pages
File Size : 53,7 Mb
Release : 2022-07-27
Category : Computers
ISBN : 9781801812696

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Hack the Cybersecurity Interview by Ken Underhill,Christophe Foulon,Tia Hopkins,Mari Galloway Pdf

Get your dream job and set off on the right path to achieving success in the cybersecurity field with expert tips on preparing for interviews, understanding cybersecurity roles, and more Key Features • Get well-versed with the interview process for cybersecurity job roles • Prepare for SOC analyst, penetration tester, malware analyst, digital forensics analyst, CISO, and more roles • Understand different key areas in each role and prepare for them Book Description This book is a comprehensive guide that helps both entry-level and experienced cybersecurity professionals prepare for interviews in a wide variety of career areas. Complete with the authors' answers to different cybersecurity interview questions, this easy-to-follow and actionable book will help you get ready and be confident. You'll learn how to prepare and form a winning strategy for job interviews. In addition to this, you'll also understand the most common technical and behavioral interview questions, learning from real cybersecurity professionals and executives with years of industry experience. By the end of this book, you'll be able to apply the knowledge you've gained to confidently pass your next job interview and achieve success on your cybersecurity career path. What you will learn • Understand the most common and important cybersecurity roles • Focus on interview preparation for key cybersecurity areas • Identify how to answer important behavioral questions • Become well versed in the technical side of the interview • Grasp key cybersecurity role-based questions and their answers • Develop confidence and handle stress like a pro Who this book is for This cybersecurity book is for college students, aspiring cybersecurity professionals, computer and software engineers, and anyone looking to prepare for a job interview for any cybersecurity role. The book is also for experienced cybersecurity professionals who want to improve their technical and behavioral interview skills. Recruitment managers can also use this book to conduct interviews and tests.

ICT with Intelligent Applications

Tomonobu Senjyu,Parikshit N. Mahalle,Thinagaran Perumal,Amit Joshi
ICT with Intelligent Applications Book PDF

Author : Tomonobu Senjyu,Parikshit N. Mahalle,Thinagaran Perumal,Amit Joshi
Publisher : Springer Nature
Page : 802 pages
File Size : 54,6 Mb
Release : 2021-12-05
Category : Technology & Engineering
ISBN : 9789811641770

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ICT with Intelligent Applications by Tomonobu Senjyu,Parikshit N. Mahalle,Thinagaran Perumal,Amit Joshi Pdf

This book gathers papers addressing state-of-the-art research in all areas of information and communication technologies and their applications in intelligent computing, cloud storage, data mining and software analysis. It presents the outcomes of the Fifth International Conference on Information and Communication Technology for Intelligent Systems (ICTIS 2021), held in Ahmedabad, India. The book is divided into two volumes. It discusses the fundamentals of various data analysis techniques and algorithms, making it a valuable resource for researchers and practitioners alike.

The Cyber Risk Handbook

Domenic Antonucci
The Cyber Risk Handbook Book PDF

Author : Domenic Antonucci
Publisher : John Wiley & Sons
Page : 442 pages
File Size : 48,7 Mb
Release : 2017-05-01
Category : Business & Economics
ISBN : 9781119308805

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The Cyber Risk Handbook by Domenic Antonucci Pdf

Actionable guidance and expert perspective for real-world cybersecurity The Cyber Risk Handbook is the practitioner's guide to implementing, measuring and improving the counter-cyber capabilities of the modern enterprise. The first resource of its kind, this book provides authoritative guidance for real-world situations, and cross-functional solutions for enterprise-wide improvement. Beginning with an overview of counter-cyber evolution, the discussion quickly turns practical with design and implementation guidance for the range of capabilities expected of a robust cyber risk management system that is integrated with the enterprise risk management (ERM) system. Expert contributors from around the globe weigh in on specialized topics with tools and techniques to help any type or size of organization create a robust system tailored to its needs. Chapter summaries of required capabilities are aggregated to provide a new cyber risk maturity model used to benchmark capabilities and to road-map gap-improvement. Cyber risk is a fast-growing enterprise risk, not just an IT risk. Yet seldom is guidance provided as to what this means. This book is the first to tackle in detail those enterprise-wide capabilities expected by Board, CEO and Internal Audit, of the diverse executive management functions that need to team up with the Information Security function in order to provide integrated solutions. Learn how cyber risk management can be integrated to better protect your enterprise Design and benchmark new and improved practical counter-cyber capabilities Examine planning and implementation approaches, models, methods, and more Adopt a new cyber risk maturity model tailored to your enterprise needs The need to manage cyber risk across the enterprise—inclusive of the IT operations—is a growing concern as massive data breaches make the news on an alarmingly frequent basis. With a cyber risk management system now a business-necessary requirement, practitioners need to assess the effectiveness of their current system, and measure its gap-improvement over time in response to a dynamic and fast-moving threat landscape. The Cyber Risk Handbook brings the world's best thinking to bear on aligning that system to the enterprise and vice-a-versa. Every functional head of any organization must have a copy at-hand to understand their role in achieving that alignment.

Managing Cyber Risk

Ariel Evans
Managing Cyber Risk Book PDF

Author : Ariel Evans
Publisher : Routledge
Page : 134 pages
File Size : 51,8 Mb
Release : 2019-03-28
Category : Business & Economics
ISBN : 9780429614262

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Managing Cyber Risk by Ariel Evans Pdf

Cyber risk is the second highest perceived business risk according to U.S. risk managers and corporate insurance experts. Digital assets now represent over 85% of an organization’s value. In a survey of Fortune 1000 organizations, 83% surveyed described cyber risk as an organizationally complex topic, with most using only qualitative metrics that provide little, if any insight into an effective cyber strategy. Written by one of the foremost cyber risk experts in the world and with contributions from other senior professionals in the field, Managing Cyber Risk provides corporate cyber stakeholders – managers, executives, and directors – with context and tools to accomplish several strategic objectives. These include enabling managers to understand and have proper governance oversight of this crucial area and ensuring improved cyber resilience. Managing Cyber Risk helps businesses to understand cyber risk quantification in business terms that lead risk owners to determine how much cyber insurance they should buy based on the size and the scope of policy, the cyber budget required, and how to prioritize risk remediation based on reputational, operational, legal, and financial impacts. Directors are held to standards of fiduciary duty, loyalty, and care. These insights provide the ability to demonstrate that directors have appropriately discharged their duties, which often dictates the ability to successfully rebut claims made against such individuals. Cyber is a strategic business issue that requires quantitative metrics to ensure cyber resiliency. This handbook acts as a roadmap for executives to understand how to increase cyber resiliency and is unique since it quantifies exposures at the digital asset level.

Operational Risk Modeling in Financial Services

Patrick Naim,Laurent Condamin
Operational Risk Modeling in Financial Services Book PDF

Author : Patrick Naim,Laurent Condamin
Publisher : John Wiley & Sons
Page : 320 pages
File Size : 49,8 Mb
Release : 2019-03-28
Category : Business & Economics
ISBN : 9781119508540

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Operational Risk Modeling in Financial Services by Patrick Naim,Laurent Condamin Pdf

Transform your approach to oprisk modelling with a proven, non-statistical methodology Operational Risk Modeling in Financial Services provides risk professionals with a forward-looking approach to risk modelling, based on structured management judgement over obsolete statistical methods. Proven over a decade’s use in significant banks and financial services firms in Europe and the US, the Exposure, Occurrence, Impact (XOI) method of operational risk modelling played an instrumental role in reshaping their oprisk modelling approaches; in this book, the expert team that developed this methodology offers practical, in-depth guidance on XOI use and applications for a variety of major risks. The Basel Committee has dismissed statistical approaches to risk modelling, leaving regulators and practitioners searching for the next generation of oprisk quantification. The XOI method is ideally suited to fulfil this need, as a calculated, coordinated, consistent approach designed to bridge the gap between risk quantification and risk management. This book details the XOI framework and provides essential guidance for practitioners looking to change the oprisk modelling paradigm. Survey the range of current practices in operational risk analysis and modelling Track recent regulatory trends including capital modelling, stress testing and more Understand the XOI oprisk modelling method, and transition away from statistical approaches Apply XOI to major operational risks, such as disasters, fraud, conduct, legal and cyber risk The financial services industry is in dire need of a new standard — a proven, transformational approach to operational risk that eliminates or mitigates the common issues with traditional approaches. Operational Risk Modeling in Financial Services provides practical, real-world guidance toward a more reliable methodology, shifting the conversation toward the future with a new kind of oprisk modelling.

Risk Detection and Cyber Security for the Success of Contemporary Computing

Kumar, Raghvendra,Pattnaik, Prasant Kumar
Risk Detection and Cyber Security for the Success of Contemporary Computing Book PDF

Author : Kumar, Raghvendra,Pattnaik, Prasant Kumar
Publisher : IGI Global
Page : 502 pages
File Size : 48,7 Mb
Release : 2023-11-09
Category : Computers
ISBN : 9781668493199

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Risk Detection and Cyber Security for the Success of Contemporary Computing by Kumar, Raghvendra,Pattnaik, Prasant Kumar Pdf

With the rapid evolution of technology, identifying new risks is a constantly moving target. The metaverse is a virtual space that is interconnected with cloud computing and with companies, organizations, and even countries investing in virtual real estate. The questions of what new risks will become evident in these virtual worlds and in augmented reality and what real-world impacts they will have in an ever-expanding internet of things (IoT) need to be answered. Within continually connected societies that require uninterrupted functionality, cyber security is vital, and the ability to detect potential risks and ensure the security of computing systems is crucial to their effective use and success. Proper utilization of the latest technological advancements can help in developing more efficient techniques to prevent cyber threats and enhance cybersecurity. Risk Detection and Cyber Security for the Success of Contemporary Computing presents the newest findings with technological advances that can be utilized for more effective prevention techniques to protect against cyber threats. This book is led by editors of best-selling and highly indexed publications, and together they have over two decades of experience in computer science and engineering. Featuring extensive coverage on authentication techniques, cloud security, and mobile robotics, this book is ideally designed for students, researchers, scientists, and engineers seeking current research on methods, models, and implementation of optimized security in digital contexts.

Cybersecurity: A Business Solution

Rob Arnold
Cybersecurity A Business Solution Book PDF

Author : Rob Arnold
Publisher : Threat Sketch, LLC
Page : 100 pages
File Size : 50,8 Mb
Release : 2017-09-26
Category : Business & Economics
ISBN : 9780692944158

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Cybersecurity: A Business Solution by Rob Arnold Pdf

As a business leader, you might think you have cybersecurity under control because you have a great IT team. But managing cyber risk requires more than firewalls and good passwords. Cash flow, insurance, relationships, and legal affairs for an organization all play major roles in managing cyber risk. Treating cybersecurity as “just an IT problem” leaves an organization exposed and unprepared. Therefore, executives must take charge of the big picture. Cybersecurity: A Business Solution is a concise guide to managing cybersecurity from a business perspective, written specifically for the leaders of small and medium businesses. In this book you will find a step-by-step approach to managing the financial impact of cybersecurity. The strategy provides the knowledge you need to steer technical experts toward solutions that fit your organization’s business mission. The book also covers common pitfalls that lead to a false sense of security. And, to help offset the cost of higher security, it explains how you can leverage investments in cybersecurity to capture market share and realize more profits. The book’s companion material also includes an executive guide to The National Institute of Standards and Technology (NIST) Cybersecurity Framework. It offers a business level overview of the following key terms and concepts, which are central to managing its adoption. - Tiers - Profiles - Functions - Informative References

Digital Asset Valuation and Cyber Risk Measurement

Keyun Ruan
Digital Asset Valuation and Cyber Risk Measurement Book PDF

Author : Keyun Ruan
Publisher : Academic Press
Page : 200 pages
File Size : 43,8 Mb
Release : 2019-05-29
Category : Business & Economics
ISBN : 9780128123287

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Digital Asset Valuation and Cyber Risk Measurement by Keyun Ruan Pdf

Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK Provides a case study on cyber insurance