Each year the Centre, in collaboration with RMS, publishes a Cyber Risk Outlook report detailing the current trends in cyber risk. Focusing on changes to various threat categories such as data exfiltration, contagious malware, financial theft, cloud outage and denial of service attacks highlights key trends of importance to risk managers.
The Cyber Exposure Data Schema, in collaboration with RMS, was developed to explore the insurance exposures within the Cyber class of business, across all geographical markets, and is an open standard. This project involved a consultation process with the insurance industry.
In this report’s scenario, the ransomware attack is launched through an infected email, which once opened is forwarded to all contacts and within 24 hours encrypts all data on 30 million devices worldwide.
This paper is part of the Cambridge Centre for Risk Studies’ Working Paper Series on threats to the global economy. The publication focuses in the Space and Technology threat class: a cyber catastrophe.