18 October 2018
IFoA publish Cyber operational risk scenarios for insurance companies
The research paper, published by the IFoA’s Cyber Risk Investigation working party was launched at the Sessional Research Event: Cyber Operational Risk Scenarios for Insurance Companies.
The paper provides a framework for risk management professionals in insurance companies to quantify the cyber operational risk that their organisations face. The paper also explores how established frameworks for categorising cyber incidents and assessing the security risk management can be used by risk professionals to identify which scenarios are most important, and which areas of risk controls are most relevant.
With cyber risk routinely cited as one of the most important sources of operational risks facing organisations today Cyber operational risk scenarios for insurance companies provides a practical way forward for organisations to quantify cyber risk.
Download a copy of the report.