Tag Archives: SRS

A History of Cyber Risk Quantification

The field of cyber risk quantification has undergone significant evolution, mirroring the increasing complexity of digital ecosystems and the growing importance of cybersecurity in modern organisations. Quantifying cyber risk is the process of assessing the likelihood of threats and estimating their impact, often in monetary or operational terms. Over time, this discipline has expanded from basic technical assessments to sophisticated financial and probabilistic models that inform decision-making at all organisational levels.

Continue reading

The 21st Century Digital Age: Big Data and AI in Risk Quantification

The 21st century has witnessed an unprecedented transformation in risk quantification, driven by rapid advancements in technology. Big data and artificial intelligence (AI) have revolutionized the field, enabling real-time analysis, predictive modelling, and enhanced decision-making. These technologies have expanded the scope of risk assessment to address emerging challenges such as climate change, cyber threats, and global pandemics. This essay explores the pivotal role of big data and AI in risk quantification, highlighting key developments, applications, and implications for the future.

Continue reading