Digital Asset Valuation and Cyber Risk Measurement

Principles of Cybernomics

Keyun Ruan (Autor)

Buch | Softcover

200 Seiten

2019
Academic Press Inc (Verlag)
978-0-12-812158-0 (ISBN)

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Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era.

Keyun Ruan is a computer scientist and author. Coined the term “cloud forensics in 2009 during her Ph.D. in cybercrime investigation, Keyun pioneered the field with foundational publications, talks, and edited the world’s first academic reference book, making her one of the most cited scholars on the topic. She led and contributed to working groups commissioned by the U.S. government and European Commission to advance industry standards of cloud computing and the future of digital infrastructure. She has advised large telecommunications companies, fast growing risk analytics and Fintech start-ups, as well as global financial services companies on cloud security and risk management. She has been involved in cyber risk measurement and economic modelling for leading insurers and reinsurers since 2012.

1. Digital Assets as Economic Goods2. Digital Theory of Value3. Cyber Risk Management: A New Era of Enterprise Risk Management4. Cyber Risk Measurement in the Hyperconnected World5. Economic Modelling and the Implementation of Effective Mitigating Controls6. The Point of Diminishing Return on Cyber Risk Investment7. Kilogram of Cyber Risk: Introducing BM and hekla8. Three Views of Cybernomics: Entity View, Portfolio View, and Global View9. Principles of Cybernomics10. Case Study: Insuring the Future of Everything

Erscheinungsdatum	14.06.2019
Verlagsort	San Diego
Sprache	englisch
Maße	216 x 276 mm
Gewicht	590 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Allgemeines / Lexika
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Versicherungsbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie
ISBN-10	0-12-812158-0 / 0128121580
ISBN-13	978-0-12-812158-0 / 9780128121580
Zustand	Neuware