Will Software and IT Risks Halt the Availability of Business Insurance?
Outline
Voas's Position Statements
Measures of Wealth (Money) Are Changing!
How Much Wealth Is In The World?
PPT Slide
Digital Information Has the Ability to Destroy Wealth:.Y2000 and US Banks
How Can Wealth Be Destroyed?
The Stakeholders in This New Measure of Wealth
Risk
1. Software Failure
2. Tampering With or Stealing Information
Statistics on Previous Threats to Information
Statistics on 1998 Threats to Information
Insurance
Well, Maybe, But Not in Existing Policies
Y2000 Insurance Claims
Y2000 Litigation Costs
Y2000 and Firewall Security Policies
But Before You Can Offer a Policy ...
Ingredients for Calculating Insurability
Example
Frequency of Loss Parameter
The "Reliability Assessment" Problem
“Regulatory” Data Points
Fact to Ponder
Reality: War Isn't What It Used to Be!
Will Software and Information Technology Risks Halt the Availability of Business Insurance?
Will Software and Information Technology Risks Require That Additional Forms of Insurance Be Purchased?
Predictions and Summary
Email: jmvoas@rstcorp.com
Home Page: http://www.rstcorp.com/presentations/