Security White Papers

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  1.  Calculating Reserves for Cyber Risk Using Calibrated Estimates for VaR and CVaR Calculations with Open FAIR™ Risk Analysis
    Calculating Reserves for Cyber Risk Using Calibrated Estimates for VaR and CVaR Calculations with Open FAIR™ Risk Analysis
    This, the third White Paper in the Calculating Reserves for Cyber Risk series, provides some insight into the significance and implications of using calibrated estimating techniques to specify the minimum and maximum range of a distribution and the choice of the distribution itself and shows how to extend a calibrated estimate to infer the tail of a bounded distribution and how to apply calibrated estimation to unbounded distributions. Through these techniques, a calibrated estimate combined with a distribution can be used to make meaningful VaR and CVaR calculations. Learn More
  2.  Calculating Reserves for Cyber Risk: Vetting Cyber Risk Models
    Calculating Reserves for Cyber Risk: Vetting Cyber Risk Models
    This, the second White Paper in the Calculating Reserves for Cyber Risk series, demonstrates how cyber risk models can be quantified and vetted. Model vetting requires that models are made transparent, relevant, and parsimonious, and this document outlines how Chief Risk Officers (CROs), Chief Information Officers (CIOs), and Chief Information Security Officers (CISOs) can work together to meet these model vetting requirements. Learn More
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