The literature on cyber insurance is replete with statements to the effect that “cyber risks are systemic risks.” Through an analysis of the concept of systemic risk and the categorization of 19 principal types of cyber risk, this article discusses the extent to which this view is true and the practical implications, for risk managers and cyber insurance underwriters, of the conclusion that only some cyber risks are systemic.
Originally published in Penn State Law Review Vol 122:3 - 2018.
Please see full publication below for more information.
