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Par Dr. Michel VERLAINE, ICN Business School, Head of the Banks, Funds and Markets Master specialization*
Recently, Cyber risks have become more and more important and this leads to potential growth of the cyber-insurance market. Cyber risks are also a major pillar of security policies as NATO has declared cyber attacks as attacks that can be interpreted as military attacks. For governments it is also important to understand potential threats and devise strategies to limit systemic risks. A recently emerging literature is interesting in that regard.
A recent working paper by Lin et al. (2018) use an approach based on the Efficient Markets Hypothesis to extract information about the potential loss distribution following cyberattacks....
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