Cyber Risk, Market Failures, and Financial Stability /

"Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liabili...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Kopp, Emanuel (Autor), Kaffenberger, Lincoln (Autor), Wilson, Christopher (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2017]
Colección:IMF working paper ; WP/17/185.
Temas:
Financial risk management.
Finance > Data processing > Security measures.
Economic policy.
Business cycles.
Financial crises.
Risk management.
Finances > Gestion du risque.
Finances > Informatique > Sécurité > Mesures.
Politique économique.
Cycles économiques.
Gestion du risque.
risk management.
BUSINESS & ECONOMICS > Industrial Management.
BUSINESS & ECONOMICS > Management.
BUSINESS & ECONOMICS > Management Science.
BUSINESS & ECONOMICS > Organizational Behavior.
Business cycles
Economic policy
Financial crises
Financial risk management
Risk management
All Countries.
Cyber Regulation.
Cyber Insurance.
Asymmetric And Private Information.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Table of Contents; I. Introduction; II. Cyber Risk; A. Cyber Risk Aggregation and Intertemporal Effects; B. Impact Estimates for Cyber-Attacks; C. Cyber Risk Management; III. Market Failures; A. Information Asymmetries; B. Strategic Complementarities, Coordination Failure, and Externalities; C. Economies of Scale, Barriers to Entry and Risk Concentration; IV. Interactions of Cyber-related Market Failures and Financial Stability; V. Financial Regulation of Cyber Risk; A. Cyber as an Operational Risk; B. Guidelines; VI. Measures to Strengthen Resilience to Cyber Risk.
  • A. Reducing Access Vulnerabilities while Boosting ResilienceB. Lessening Information Asymmetries; C. Designing Effective Policies; D. Address Coordination Failures and Manage Systemic Cyber Risk; References; Boxes; 1. Recent Cyber Attacks on the Financial Services Industry; 2. Cyber Insurance; 3. Approach to Critical Infrastructure; Figures; 1. Internet of Things: Devices Connected to the Internet (August 2014); 2. Sources of Threat by Type of Actor (March 2017); 3. Impact, Shock Transmission, and Control; 4. Cyber Risk Management; 5. Coverage Limits and Effective Risk Coverage.
  • 6. Maturity of Software Security7. Regulatory Architecture for Cyber Risk; Tables; 1. Cyber Risk Aggregation Levels; 2. Cost of Cyber Events; 3. Estimated Annual Costs of Cyber Risk; 4. United States: Benefits, Costs, and Economic Net Benefit of Internet Use.

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