Evaluating the Financial Impact of Cyber Risk
Keywords:Cyber Security, Cyber-Value-at-Risk, Enterprise Security, Monte Carlo Simulations
As in the context of an increase in cyberattacks, it is critical for businesses to recognize the risk
they face, even after deploying applications and
implementing all security procedures. We describe a
system or method for calculating an bussiness's CyberValue-at-Risk (CVaR). CVaR is a function that returns
the loss of an organization due to cyber attcks over a
particular amount of time.