Four recent cyber catastrophes might look like an uptick in activity, but what they really prove, argues Tom Johansmeyer, is that the economic threat remains manageable. With only $5.7 billion in economic damage, the latest wave should help alleviate fears that the 'big one' is still around the corner.
If you’re waiting for the 'big one', it’s probably already come and gone. Tom Johansmeyer brings a new dataset and a fresh perspective to the threat of cyber catastrophe and ensuing economic carnage. With only $300 billion in impact over 25 years, he says, cyber catastrophes are more bark than bite
Tom researches the cyber insurance protection gap as an economic security problem.
His interests straddle issues of economic security with a focus on insurance and reinsurance
Past research also addresses the relationships between natural disasters and political violence, the role of disinformation in post-disaster remediation, and the potential effects of climate climate change on the availability of risk capital for cyber insurance.
Tom's work has appeared in Lawfare, Harvard Business Review, Bulletin of the Atomic Scientists, Small Wars Journal, the Journal of Risk Management and Insurance, and other outlets.
Tom is a US army veteran, having proudly pushed paper in the late 1990s.
The Loop
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