Quantifying e-Commerce Risk David Fishbaum, FSA Chuck McClenahan, FCAS MMC ENTERPRISE RISK CAS Seminar on Ratemaking - March, 2001 The Problem You’re the risk manager of a financial institution with a new web site
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
David Fishbaum, FSA
Chuck McClenahan, FCAS
MMC ENTERPRISE RISK
CAS Seminar on Ratemaking - March, 2001
Flow of Information and quantification of failure probabilities
Application Server/Firewall/Proxy Layer
In our estimation of the probability of failure at the application host level, elements such as software outage, hardware outage, data base performance etc were considered.
Denial of service
Physical damage to hardware location
New virus brings down complete system
Theft of credit card numbers
(1) Start with penultimate digit and, moving left, double the value of each alternating digit. If you get a two digit number, add the two digits.
(2) Add up all digits. Result must be zero mod 10
- Yogi Berra