Friedrich-Alexander University: Components And Challenges Of Integrated Cyber Risk Management

Cyber risks are amongst the most underestimated business risks for 2013, according to the global Allianz survey of 500 Allianz corporate insurance experts, even though cyber risks can result in serious business risks, leading, e.g., to business interruption or major reputational damage.1 This may consequently cause even larger losses than traditional industrial risks.2 The current underestimation of cyber risks appears questionable, as cyber risks were first mentioned as early as 1995, when

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