Chartis: Safety in Numbers - Toward a New Methodology for Quantifying Cyber Risk

For financial institutions, safeguarding against cyber attack is now about more than just protection – increasingly it means managing cyber risk effectively across the organization. In modern, diffuse networks, such as those in most large banks, allocating risk across multiple network nodes (defined here as IT infrastructure, assets, and points of access) is vital to developing comprehensive strategies for managing cyber risk. Central to this is quantifying the risk. We believe that current