Bryce Goodman, Chief Strategist of AI/ML for the US Department of Defense, and Chris Finan, CRO of Symmetry Systems Inc., talk about using AI for cyber attacks and how it affects defensive roles in security.
by Nikhil Chawla
Underwriting is both art and science. It’s also qualitative and quantitative. Indeed, it’s objective and subjective. Underwriters are not unlike the baseball scouts in Moneyball. They consider run of the mill statistics like runs batted in, on base average and myriads of other data. They also consider countless subjective factors. They were awful. Billy Bean (the A’s GM) brought in a statistician. What happened? The Oakland A’s achieved the longest consecutive game winning streak in history. It holds strong to this day. Unfortunately, the A’s haven’t retained their edge. All teams have their quants now. And scouts have persisted. So, what will be the fate of the underwriter? Will they persist like the scouts, or are they headed for a ChatGPT enabled demise?
As market awareness of cyber risk quantification grows, we frequently receive questions from clients and curious risk managers about FAIR (Factor Analysis of Information Risk)—what it is, whether it truly provides accurate cyber risk quantification, the effort needed to set it up and maintain, and more. Clients often ask us to compare the FAIR methodology […]
Managing risk successfully at any level requires an understanding of a concept called “probability.” As both an insurance company (risk transfer) and a cyber risk management company, Resilience relies on understanding probabilities to price our services and to guide our clients to greater levels of cyber resilience. As we often receive questions from our clients […]
Heat maps are among the most widely used—and debated—tools for risk managers worldwide to communicate risks in their registries or project portfolios. Despite their popularity, we advise leaders seeking transparency in discussing risk and value to avoid relying on them. What are heat maps? Risk managers often use heat maps (or risk matrices) to represent […]
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