Cyber Risk, Market Failures, and Financial Stability
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| Title: | Cyber Risk, Market Failures, and Financial Stability |
|---|---|
| Description: | Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk. |
| Authors: | Kopp, Emanuel, Kaffenberger, Lincoln, Wilson, Christopher |
| Resource Type: | eBook. |
| Subjects: | Risk management, Finance--Data processing--Security measures, Financial risk management, Economic policy, Financial crises, Business cycles |
| Categories: | BUSINESS & ECONOMICS / Economics / Macroeconomics, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / International / Economics & Trade |
| Database: | eBook Collection (EBSCOhost) |
| FullText | Links: – Type: ebook-pdf Text: Availability: 0 |
|---|---|
| Header | DbId: nlebk DbLabel: eBook Collection (EBSCOhost) An: 1577280 RelevancyScore: 1077 AccessLevel: 6 PubType: eBook PubTypeId: ebook PreciseRelevancyScore: 1077.00524902344 |
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| Items | – Name: Title Label: Title Group: Ti Data: Cyber Risk, Market Failures, and Financial Stability – Name: Abstract Label: Description Group: Ab Data: Cyber-attacks on financial institutions and financial market infrastructures are becoming more common and more sophisticated. Risk awareness has been increasing, firms actively manage cyber risk and invest in cybersecurity, and to some extent transfer and pool their risks through cyber liability insurance policies. This paper considers the properties of cyber risk, discusses why the private market can fail to provide the socially optimal level of cybersecurity, and explore how systemic cyber risk interacts with other financial stability risks. Furthermore, this study examines the current regulatory frameworks and supervisory approaches, and identifies information asymmetries and other inefficiencies that hamper the detection and management of systemic cyber risk. The paper concludes discussing policy measures that can increase the resilience of the financial system to systemic cyber risk. – Name: Author Label: Authors Group: Au Data: <searchLink fieldCode="AR" term="%22Kopp%2C+Emanuel%22">Kopp, Emanuel</searchLink><br /><searchLink fieldCode="AR" term="%22Kaffenberger%2C+Lincoln%22">Kaffenberger, Lincoln</searchLink><br /><searchLink fieldCode="AR" term="%22Wilson%2C+Christopher%22">Wilson, Christopher</searchLink> – Name: TypePub Label: Resource Type Group: TypPub Data: eBook. – Name: Subject Label: Subjects Group: Su Data: <searchLink fieldCode="DE" term="%22Risk+management%22">Risk management</searchLink><br /><searchLink fieldCode="DE" term="%22Finance--Data+processing--Security+measures%22">Finance--Data processing--Security measures</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+risk+management%22">Financial risk management</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+policy%22">Economic policy</searchLink><br /><searchLink fieldCode="DE" term="%22Financial+crises%22">Financial crises</searchLink><br /><searchLink fieldCode="DE" term="%22Business+cycles%22">Business cycles</searchLink> – Name: SubjectBISAC Label: Categories Group: Su Data: <searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economics+%2F+Macroeconomics%22">BUSINESS & ECONOMICS / Economics / Macroeconomics</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+Economics+%2F+General%22">BUSINESS & ECONOMICS / Economics / General</searchLink><br /><searchLink fieldCode="ZK" term="%22BUSINESS+%26+ECONOMICS+%2F+International+%2F+Economics+%26+Trade%22">BUSINESS & ECONOMICS / International / Economics & Trade</searchLink> |
| PLink | https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=nlebk&AN=1577280 |
| RecordInfo | BibRecord: BibEntity: Classifications: – Code: 658.15 Scheme: ddc Type: prePub Languages: – Code: eng Text: English Subjects: – SubjectFull: Risk management Type: general – SubjectFull: Finance--Data processing--Security measures Type: general – SubjectFull: Financial risk management Type: general – SubjectFull: Economic policy Type: general – SubjectFull: Financial crises Type: general – SubjectFull: Business cycles Type: general Titles: – TitleFull: Cyber Risk, Market Failures, and Financial Stability Type: main BibRelationships: HasContributorRelationships: – PersonEntity: Name: NameFull: Kopp, Emanuel – PersonEntity: Name: NameFull: Kaffenberger, Lincoln – PersonEntity: Name: NameFull: Wilson, Christopher – PersonEntity: Name: NameFull: Kopp, Emanuel – PersonEntity: Name: NameFull: Kaffenberger, Lincoln – PersonEntity: Name: NameFull: Wilson, Christopher IsPartOfRelationships: – BibEntity: Dates: – D: 01 M: 01 Type: published Y: 2017 – D: 03 M: 01 Type: profile Y: 2019 Identifiers: – Type: isbn-print Value: 9781484313787 – Type: isbn-electronic Value: 9781484314159 Numbering: – Type: volume Value: 00017 Titles: – TitleFull: Cyber Risk, Market Failures, and Financial Stability Type: main |
| ResultId | 1 |
