Solving Cyber Risk

The non-technical handbook for cyber security risk management

Solving Cyber Risk distills a decade of research into a practical framework for cyber security. Blending statistical data and cost information with research into the culture, psychology, and business models of the hacker community, this book provides business executives, policy-makers, and individuals with a deeper understanding of existing future threats, and an action plan for safeguarding their organizations. Key Risk Indicators reveal vulnerabilities based on organization type, IT infrastructure and existing security measures, while expert discussion from leading cyber risk specialists details practical, real-world methods of risk reduction and mitigation.

By the nature of the business, your organization’s customer database is packed with highly sensitive information that is essentially hacker-bait, and even a minor flaw in security protocol could spell disaster. This book takes you deep into the cyber threat landscape to show you how to keep your data secure.

• Understand who is carrying out cyber-attacks, and why
• Identify your organization’s risk of attack and vulnerability to damage
• Learn the most cost-effective risk reduction measures
• Adopt a new cyber risk assessment and quantification framework based on techniques used by the insurance industry

By applying risk management principles to cyber security, non-technical leadership gains a greater understanding of the types of threat, level of threat, and level of investment needed to fortify the organization against attack. Just because you have not been hit does not mean your data is safe, and hackers rely on their targets’ complacence to help maximize their haul. Solving Cyber Risk gives you a concrete action plan for implementing top-notch preventative measures before you’re forced to implement damage control.

ANDREW COBURN is senior vice president at Risk Management Solutions (RMS) and a director of the Cambridge Centre for Risk Studies, University of Cambridge. The architect of the leading cyber risk model in the insurance industry, he is coauthor of Earthquake Protection, Second Edition.

ÉIREANN LEVERETT is the founder of Concinnity Risks and a senior researcher on cyber risk at Cambridge Centre for Risk Studies. An ethical hacker, he was on the multidisciplinary team that built the first cyber risk models for insurance.

GORDON WOO is a catastrophist with RMS who helped create the conceptual framework for the RMS Cyber Accumulation Management System. An authority on cyber and insurance risk, he is the author of The Mathematics of Natural Catastrophes and Calculating Catastrophe.

THE ONE BOOK HACKERS DON'T WANT YOU TO READ Solving Cyber Risk enables you to accurately assess cyber risk at your organization and develop a cost-appropriate plan for top- tier cybersecurity. From the leading-edge minds behind the most popular cyber risk model in the insurance industry, this authoritative work shares the wisdom mined from a decade's worth of research into the culture, psychology, and profit models of hackers. Through a powerful, scalable framework, any size organization can effectively manage the likelihood and consequences of cyber attacks within any size budget. Step-by-step guidance to data-backed approaches and techniques empower you to: Measure and assess the five most expensive and damaging causes of cyber loss Understand the motivations, capabilities, and techniques behind the seven most common types of hackers Apply the same due diligence and expertise to defending against cyber attacks as the best in the business Whether you need to update your cyber risk protocols or create a cutting-edge security plan from scratch, Solving Cyber Risk is your complete blueprint to protecting your digital assets from criminals.

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