Joining the Mad Hatter's Tea Party
One thought : when did the Cyber Age start? It's not just a nice-to-know question. Regardless of when it began, the Cyber Age is enabled by a foundation of five technologies (digitization, mobility, cloud, web, and AI) and their concomitant applications that dramatically changed how society interacts within itself, including conducting (or consuming, if you… Continue reading The Cyber Age: a Few Thoughts
Cyber past losses + Cyber IBNR + Cyber potential future losses =A. Vibrant cyber insurance marketplace now and in the future?B. Sign for insurers to stop selling cyber insurance now, if not sooner?C. Sign that insurers need to craft strategies to sell lower amounts of cyber insurance to some markets? All markets?D. Sign that insurers… Continue reading A Cyber Equation
My wife is from Kansas City, Missouri. Some of you (most of you?) might know that Missouri is the "Show Me" State (they have to see something to believe it). Throughout almost the entirety of my insurance career after I left working for marketing departments in a few insurers (across all major lines of business… Continue reading Past Experience Insuring Risks Won’t Help Insure Risks Of Our Emerging Cyber-Forming World
Does your enterprise have a cyber risk profile? Is it continually updated? Is is 'a real-time profile?" (Does your enterprise know what a cyber risk profile is or why it might be necessary?) If yes to any of those questions, do you believe your enterprise cyber risk profile encompasses every, or at least most, of… Continue reading A Proposed Enterprise Cyber Risk Profile Framework [First Cut]
I believe that there are many unknowns in the Cyber Age. You can flash back to the 2X2 of "known-knowns", "known-unknowns", "unknown-knowns" and "unknown-unknowns" but I want to keep it somewhat straightforward. That's why I show the illustrative visualization below. It's my attempt of showing a relatively straight-forward visualization, a 2-dimensional visualization at that, of… Continue reading Cyber Predictions: You Don’t Know…
This blog post is just a "thinking out loud and writing it down" blog post about cyber attack space(s). Here are some of the elements of the cyber attack space: Enterprise IT-created / enabled business / system processes (or certain activities of those processes) are connected to the web; Mobile devices become "smart" and, as… Continue reading Cyber Attack Space Elements (Selective)
The visual below is an illustrative cyber risk financing stack for Large / Jumbo enterprises. And maybe Mid-Size enterprises as well ??? For me, this stack visualizes a possible end-game for (re)insurers now selling cyber insurance. It reflects my point-of-view that (re)insurers should not be selling cyber insurance at all. Each segment of the stack… Continue reading Possible Cyber Risk Financing Stack (For Large / Jumbo) & Mid-Size ?? Enterprises
Someone on LinkedIn said that enterprises can become more cyber secure if they identify, choose, and ensure the firms they choose to conduct commerce have “value” and are cyber secure. (That statement triggered this blog post.) However, even systems we believe have value will themselves connect to other systems (which we may or may not… Continue reading The Luxury of Being Cyber Secure Does Not Exist (Now or Ever) in the Digital World of Commerce
In this post I discuss my: Description of cyber attack spaces; Thought process to get to the metric: 'Density of Interdependence' of cyber attack spaces; List of my working hypotheses as some bit of context; Choice of a visual to use the 'Density of Interdependence' metric; Marked up visual to support thinking about the metric;… Continue reading Cyber Metric: The Density of Interdependence of Cyber Attack Spaces (First Cut)
Suggested annual corporate cyber budget elements At this point-in-time on January 2, 2024, I think there are several budget elements which corporations should include, or consider including, in the list of known and probable (continual) annual cyber expenditures. My suggested annual corporation cyber budget elements are the: Cost of creating and maintaining a cyber insurance… Continue reading Suggested Annual Corporate Cyber Budget Elements
Rabkin's Opinions 