163 résultats pour « riskmanagement »

Supply Chain Characteristics as Predictors of Cyber Risk: A Machine‑Learning Assessment

"... supply chain network features add significant detection power to predicting enterprise cyber risk, relative to merely using enterprise-only attributes. Particularly, compared to a base model that relies only on internal enterprise features... Given that each cyber data breach is a low probability high impact risk event, these improvements in the prediction power have significant value."

A parametric approach to the estimation of convex risk functionals based on Wasserstein distance

" The aim is to come up with a convex risk functional that incorporates a sefety margin with respect to nonparametric uncertainty and still can be approximated through parametrized models. The particular form of the parametrization allows us to develop a numerical method, based on neural networks, which gives both the value of the risk functional and the optimal perturbation of the reference measure."

Multivariate Optimized Certainty Equivalent Risk Measures and their Numerical Computation

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"We present a framework for constructing multivariate risk measures that is inspired from univariate Optimized Certainty Equivalent (OCE) risk measures. We show that this new class of risk measures verifies the desirable properties such as convexity, monotonocity and cash invariance. We also address numerical aspects of their computations using stochastic algorithms instead of using Monte Carlo or Fourier methods that do not provide any error of the estimation."

Mapping the Literature of Internal Auditing in Europe

" The study focused on evaluating and analysing the characteristics of literature and the themes investigated with a focus on four key aspects: governance, the effectiveness of IA, the relationship between internal auditors and other parties, and risk management to provide directions for future research."

Multivariate Poisson Model Adjusting for Unidirectional Covariate Misrepresentation

"Insurance fraud has been a long-lasting issue in actuarial modeling. Policyholders are prone to hide their true status in their best interest when disclosing their information for insurance pricing purposes. However, from the insurers' point of view, it is either time-consuming or laborious to verify the true status of such risk factors. There is thus a strong incentive to build models accounting for potential misrepresentation, which contributes to a more robust ratemaking system."

The Tensions of Cyber‑Resilience: From Sensemaking to Practice

"We apply Weick’s (1995) sensemaking framework to examine four foundational tensions of cyber-resilience: a definitional tension, an environmental tension, an internal tension, and a regulatory tension. We then document how these tensions are embedded in cyber-resilience practices at the preparatory, response and adaptive stages. We rely on qualitative data from a sample of 58 cybersecurity professionals in the financial sector..."

A stochastic volatility model for the valuation of temperature derivatives

"This model allows to be more conservative regarding extreme events while keeping tractability. We give a method based on Conditional Least Squares to estimate the parameters on daily data and estimate our model on eight major European cities... This new model allows to better assess the risk related to temperature volatility."