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Cyber insurance is a complementary mechanism to further reduce the financial impact on the systems after their effort in defending against cyber attacks and implementing resilience mechanism to maintain the system-level operator even though…

Identifying, analyzing, and evaluating cybersecurity risks are essential to assess the vulnerabilities of modern manufacturing infrastructures and to devise effective decision-making strategies to secure critical manufacturing against…

Cyber networks are fundamental to many organization's infrastructure, and the size of cyber networks is increasing rapidly. Risk measurement of the entities/endpoints that make up the network via available knowledge about possible threats…

Cyberattacks in the energy sector are commonplace. Load-altering cyberattacks launched via the manipulations of high-wattage appliances and assets are particularly alarming, as they are not continuously monitored by electric power…

Threat modeling has emerged as a key process for understanding relevant threats within businesses. However, understanding the importance of threat events is rarely driven by the business incorporating the system. Furthermore, prioritization…

We present the conditional value-at-risk (CVaR) in the context of Markov chains and Markov decision processes with reachability and mean-payoff objectives. CVaR quantifies risk by means of the expectation of the worst p-quantile. As such it…

Enterprises today face increasing cybersecurity threats that necessitate robust digital forensics and risk mitigation strategies. This paper explores these challenges through an imaginary case study of an organization, a global identity…

This paper firstly addresses the problem of risk assessment under false data injection attacks on uncertain control systems. We consider an adversary with complete system knowledge, injecting stealthy false data into an uncertain control…

We introduce two quantum algorithms to compute the Value at Risk (VaR) and Conditional Value at Risk (CVaR) of financial derivatives using quantum computers: the first by applying existing ideas from quantum risk analysis to derivative…

A data breach in the modern digital era is the unintentional or intentional disclosure of private data to uninvited parties. Businesses now consider data to be a crucial asset, and any breach of this data can have dire repercussions,…

This article is focused on the economic impact assessment of Internet of Things (IoT) and its associated cyber risks vectors and vertices - a reinterpretation of IoT verticals. We adapt to IoT both the Cyber Value at Risk model, a…

This paper analyzes the relationship between cybersecurity management, data protection, and corporate reputation in the context of digital transformation. The study examines how organizations implement strategies and tools to mitigate cyber…

AI companies and governments are increasingly concerned about frontier AI systems enabling cybercrime, yet defining meaningful capability thresholds requires knowing the scale of cybercrime today. Current estimates of global cybercrime…

Real-Time systems are essential for promptly responding to external stimuli and completing tasks within predefined time constraints. Ensuring high reliability and robust security in these systems is therefore critical. This requires…

Cyber risk assessment is a fundamental activity for enhancing the protection of an organization, identifying and evaluating the exposure to cyber threats. Currently, this activity is carried out mainly manually and the identification and…

This paper examines how Canadian firms balance the benefits of technology adoption against the rising risk of cyber security breaches. We merge data from the 2021 Canadian Survey of Digital Technology and Internet Use and the 2021 Canadian…

In the banking industry, ransomware is a well-known threat, but since the beginning of 2022, cryptojacking, an emerging threat is posing a considerable challenge to the banking industry. Ransomware has variants, and the attackers keep…

The importance of counterparty credit risk to the derivative contracts was demonstrated consistently throughout the financial crisis of 2008. Accurate valuation of Credit value adjustment (CVA) is essential to reflect the economic values of…

The dynamics of cyber threats are increasingly complex, making it more challenging than ever for organizations to obtain in-depth insights into their cyber security status. Therefore, organizations rely on Cyber Situational Awareness (CSA)…

Small and medium enterprises (SMEs) are increasingly vulnerable to cyber threats due to limited resources and cybersecurity expertise, in addition to an increasingly hostile cyber threat environment at national and international levels.…