BankingBook And Global Risk Institute Present Cyber Risk Quantification Research At The MMF Symposium 2020, Blue Mountain Resort
BankingBook Analytics and Global Risk Institute presented Distribution Analysis of Information Risk (DAIR) at the MMF Symposium 2020, titled, The World Forum on Finance, Technology, Investment & Risk Management. The symposium was held at the Blue Mountain Resort. In his address, Luis Seco, Director, MMF emphasized the importance of innovation. He noted that innovation was the lifeblood of the economy and the main objective of leading universities. Startups, companies born out of an idea, toil, creative financing, and sweat were increasingly dominant players in the financial sector. The MMF Symposium also addressed the advances in financial innovation, paying special attention to the startups that were shaping our immediate future. BankingBook and Global Risk Institute were represented by CEO, Sohail Farooq MQF, MSc, MBA and COO, David Gong, MMF, CFA, and Executive-in-Residence, Lois Tullo, ICD.D, MBA, CPA, respectively. The team presented Distribution Analysis of Information Risk - a joint BankingBook and Global Risk Institute's research project that focues on cyber risk quantification. This was followed by a demonstration of BankingBook's proprietary DAIR application, its functionalities and key risk metric, and insurance outputs. Our team also reviewed the key challenges in developing a cyber risk control framework and its integration with organizational risk appetite; the application of DAIR in cyber quantification and integration with risk reporting.