The Economic Impact of Extreme Cyber Risk Scenarios

Numerous industry studies discuss the economic effects of potentially extreme cyber incidents, with considerable variation in applied methodology and estimated costs. We implement a dynamic inoperability input–output model that allows consistent analysis comparison impacts resulting from six widely discussed risk scenarios. Our accounts for frequently omitted qualitative context scenarios to be considered as part projection. Overall, our loss estimations remain an insurable range US$0.7 35 billion. To knowledge, this is first effort develop standardized evaluation framework assessment scenarios, thereby enabling comparability.