23Digital Asset Cyber Risk Modeling and Scoring

DOI: 10.4324/9781003052616-29

If you don’t invest in risk management, it doesn’t matter what business you’re in, it's a risky business.

Fred Eslami, Alternative Risk Transfer and Cyber Security Leader at A.M. Best

Cyber risk scores

There are three levels of cyber risk scores that are aligned to the cybersecurity lifecycle: inherent cyber risk, mitigating cyber risk, and residual cyber risk. Each score is a collection of attributes and relationships that are related to each other. Using this approach allows firms to understand risk, privacy, compliance, and security using metrics that are defensible. It can allow companies to apply AI to reduce cyber risk using non-human intervention. This ...

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