2Cyber Risk
Cyber risk has emerged as a significant threat to the financial system. Financial institutions worldwide face potential losses from cyber-attacks ranging from 9% of net income based on experiences so far up to half of the profits in a worst-case scenario.
Christine Lagarde, President, European Central Bank
Digital assets—the keys to the kingdom
What are digital assets? They are the assets attacked by cyber-criminals. They include systems, business processes, data, and technologies.
A system is a consolidated set of technologies that provides the basis for collecting, creating, storing, processing, and distributing information. Systems can be purchased from vendors or developed internally (homegrown) ...
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