Cyber incident cost estimates and the importance of building resilience

Draws on two internationally recognised methods to shed light on the potential cost that cyber risk poses to the banking and insurance sectors in New Zealand, a bottom-up approach that uses firm-specific data from abroad which is then extrapolated to NZ, and a second method that uses top-down analys...

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Bibliographic Details
Published inReserve Bank of New Zealand bulletin Vol. 83; no. 2; pp. i - 12
Main Authors Zhang, Aria, Collins, Rosie, O'Connor-Close, Cavan
Format Journal Article
LanguageEnglish
Published 01.02.2020
Subjects
Banks and banking
Computer crimes
Computer networks
Economic aspects
Economic stabilization
Insurance
Risk assessment
Security measures
Statistical methods
Technology
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Summary:Draws on two internationally recognised methods to shed light on the potential cost that cyber risk poses to the banking and insurance sectors in New Zealand, a bottom-up approach that uses firm-specific data from abroad which is then extrapolated to NZ, and a second method that uses top-down analysis, linking the cost of cyber incidents to GDP. Source: National Library of New Zealand Te Puna Matauranga o Aotearoa, licensed by the Department of Internal Affairs for re-use under the Creative Commons Attribution 3.0 New Zealand Licence.
Bibliography:Archived by the National Library of New Zealand
Includes charts, graphs, notes, references, tables
Misprinted as v.84 n.2
Includes links to related electronic resources
ISSN:1177-8644
1174-7943