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Measures of Resilience to Cyber Contagion -- An Axiomatic Approach for Complex Systems. (arXiv:2312.13884v1 [q-fin.RM])
cs.CR updates on arXiv.org arxiv.org
We introduce a novel class of risk measures for the management of systemic
risk in networks. In contrast to most existing approaches, our measures target
the topological structure of the network in order to control the risk of a
pandemic spread of some contagious peril throughout the network. While the main
discussion of the paper is tailored to the management of systemic cyber risk in
digital networks, we also draw parallels to similar risk management frameworks
for other types of …
class control cyber management network networks novel order pandemic resilience risk structure systemic risk systems target