Greg Ros
- 4 May 2020
- OCCASIONAL PAPER SERIES - No. 16Details- Abstract
- In October 2017, the European Systemic Risk Board (ESRB) set up a group whose objective was to examine cyber security vulnerabilities within the financial sector, and their potential impact on financial stability and the real economy. In its first year, the European Systemic Cyber Group (ESCG) sought to develop a shared understanding of Common Individual Vulnerabilities (CIVs) across ESRB members, and to identify the unique characteristics of cyber risk that could contribute to a systemic event. Building on this work, this paper describes a conceptual model for systemic cyber risk.
- JEL Code
- E17 : Macroeconomics and Monetary Economics→General Aggregative Models→Forecasting and Simulation: Models and Applications
 G01 : Financial Economics→General→Financial Crises
 G20 : Financial Economics→Financial Institutions and Services→General
 K24 : Law and Economics→Regulation and Business Law
 L86 : Industrial Organization→Industry Studies: Services→Information and Internet Services, Computer Software
 M15 : Business Administration and Business Economics, Marketing, Accounting→Business Administration→IT Management
 O33 : Economic Development, Technological Change, and Growth→Technological Change, Research and Development, Intellectual Property Rights→Technological Change: Choices and Consequences, Diffusion Processes