Systemic Cyber Risk: Is it Insurable?
The Cybersecurity and Infrastructure Security Agency identifies 16 topics considered massive systemic risks.
Tech providers and some startups are developing tools for scanning, identifying and evaluating systems for potential points of failure.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
Critical systems carry points of failure. Welcome to systemic risk.