Security News > 2016 > June > Financial Cyber Risk Is Not Systemic Risk (Schneier on Security)

This interesting essay argues that financial risks are generally not systemic risks, and instead are generally much smaller. That's certainly been our experience to date: While systemic risk is frequently invoked as a key reason to be on guard for cyber risk, such a connection is quite tenuous. A cyber event might in extreme cases result in a systemic crisis,...

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https://www.schneier.com/blog/archives/2016/06/financial_cyber.html