Fed Says “Hidden Cyber Fault Line” Runs Through US Financial System
Catastrophic cyber scenarios modeled using CyberCube show losses up to 60x routine events.
3 min read
Catastrophic cyber scenarios modeled using CyberCube show losses up to 60x routine events.
The Federal Insurance Office and academics are focusing on modeling catastrophic cyber and terrorism.
Treasury’s Federal Insurance Office is mulling a program outside of the existing terrorism backstop.
In announcing what it describes as the “insurance industry’s first cyber risk modeling tool,” Willis Re’s new product may be the first shot in a battle among reinsurers