Policy Paper No.7

Cyber Insurance as a Contribution to IT Risk Management

Pizzaseminar am 29.06.2013 - Risk-Based Standards for Cybersecurity: Challenges and Solutions

Dr. Igor Linkov wird am 29.06.2013 auf Englisch über folgenden Themenkomplex referieren: The cyber domain integrates and supports critical infrastructures, global economic prosperity, public health and safety, and national security. The US, EU and other governments call for adopting and implementing risk-based standards to identify high-risk infrastructure and select alternatives for risk mitigation, but what does it mean for a standard to be "risk-based"? Risk is traditionally defined as a triplet consisting of what can go wrong, how likely it is to happen, and the consequences of it happening. Both qualitative and quantitative approaches to risk analysis have been widely used for setting risk-based standards, but there remain significant challenges impeding their use for emerging and evolving threats. This presentation will discuss decision-analytical tools, including multi-criteria decision analysis, for setting risk-based standards for emerging threats.

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