Systemic Cyber Risk: Is it Insurable?
Critical systems carry points of failure. Welcome to systemic risk.
Understanding the data of a particular risk opens a path to anticipating secondary effects.
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Reliable modeling begins with defining and refining the data required.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
