Author Archives: Eireann Leverett

Where does cyber risk accumulate for insurers?

Where does cyber risk accumulate for insurers?

“Taxonomy is described sometimes as a science and sometimes as an art, but really it’s a battleground.” ― Bill Bryson, A Short History of Nearly Everything  After attending a cyber-risk accumulation workshop with a variety of cyber risk underwriters, I was moved to spend my morning walks thinking hard about cyber risk accumulation. Where doesRead more

The emergent white-blood cells of the internet

The emergent white-blood cells of the internet

I attended the 27th Annual FIRST conference in Berlin recently. I have attended regularly for the last four years, and this year I noticed a couple of important things. Firstly, if you’ll forgive the pun, there was an increase in people working on cyber-risk metrics. Secondly, people were very interested in the work we doRead more

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Differentiating two cyber risks.

Differentiating two cyber risks.

Traditional insurance practice involves insulating the insurer’s operational risks from the risks they are insuring. This means that maritime shipping insurance companies don’t place their headquarters aboard ships. Those that insure floods don’t have offices in floodplains. Usually, it’s geography that allows the insurer to escape the risk, but not always. Solar storms and coronal massRead more

The Web of Trust in Cyber Space – Tracing systemic risk patterns

The Web of Trust in Cyber Space – Tracing systemic risk patterns

SSL/TLS is an encryption mechanism that keeps your data confidential between your browser and a webpage. This system protects your data between you and (for example) your bank. To do such things, a bank needs a certificate. That certificate can be verified easily and quickly if it is provided by a certain type of certificateRead more