ERM-820-19: CRO Forum Concept Paper on a Proposed Categorisation Methodology of Cyber Risk


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Reading Source: https://media.swissre.com/documents/cro_forum_concept_paper.pdf

Topics Covered in this Reading:

  • Introduction
    • The continuing evolution of cyber risk
    • Proposed methodology for common cyber risk categorisation
    • Potential benefits
    • Key considerations for discussion
  • Cyber Incident
  • Threshold
  • Definition of Event Types
  • Definition of Root Cause
    • Codes description
    • Recording Methodology
  • Actors
    • Nation states
    • Organised criminals
    • Hackers
    • Hacktivists
    • Insiders
  • Managing Exposures - Impact and Cover
  • Insurance Coverage
    • Security and business continuity management
    • Underwriting and portfolio management
    • Meeting evolving compliance requirements and coping with globalisation
    • Constantly changing cyber coverage
  • Conclusion