A key risk-management body on Tuesday plans to launch a model to estimate damages from a cyberattack-a calculation that companies struggle to make as hacks play out over days and weeks. The FAIR Institute, a nonprofit that helps businesses measure corporate risk, is due to debut its materiality assessment model, along with an online calculator that appraises the financial fallout of a hack as well as intangible damages such as reputational harm.
This Cyber News was published on www.wsj.com. Publication date: Thu, 30 Nov 2023 23:19:27 +0000