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Cyber Risk. The New Enemy for Risk Management in the Age of Globalisation

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  • Chiara Crovini
  • Giovanni Ossola
  • Pier Luigi Marchini

Abstract

The present paper is a theoretical study on the topic of cyber risk and cyber risk management. This research represents the first step of a far deeper analysis on this topic that aims at underlining the main characteristics of cyber risk, delineating future developments in managing it and strengthening the importance of sharing information and creating a shared knowledge between countries. Good situational awareness and cyber risk analytics are vital in helping firms identify weaknesses, rank threat scenarios, identify countermeasures and set priorities for intelligence gathering. There emerges the need to improve the traditional risk management process, by considering the necessity to manage not only risks, but also uncertainties, by implementing Business Continuity Management systems with the aim to build business resilience. To do that, one possible solution might be represented by the intervention of gov-ernments with laws and frameworks that might help companies fight cyber threats.

Suggested Citation

  • Chiara Crovini & Giovanni Ossola & Pier Luigi Marchini, 2018. "Cyber Risk. The New Enemy for Risk Management in the Age of Globalisation," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2018(2 Suppl.), pages 135-155.
    • Handle: RePEc:fan:macoma:v:html10.3280/maco2018-su2007
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    References listed on IDEAS

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    Cited by:

    1. Pier Luigi Marchini & Veronica Tibiletti & Alice Medioli & Gianluca Gabrielli, 2021. "Corporate Ownership Structure as a Determinant of “Risk Taking”: Insights from Italian Listed Companies," International Journal of Business and Management, Canadian Center of Science and Education, vol. 15(11), pages 138-138, July.
    2. Nicola Castellano & Elisabetta Magnaghi, 2019. "Editoriale. Tratti di innovazione nei sistemi di controllo e risk management," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(3), pages 5-10.

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