Three plates meet
And so to cyber risk. The active volcano of Mount Fuji sits at the intersection point of three tectonic plates. The Eurasian Plate, the North American Plate and the Philippine Sea Plate which form a triple junction at this spot. We can read across from geological risk to the cyber realm. Cyber risk also sits at the nexus of three ‘plates’: the three different disciplines of information technology, security and insurance. Each of these three subjects has its own conceptual framework, its unique acronyms and specialist expertise. To truly understand cyber risk, we must slowly circle through each zone of this triad, gaining a 360-degree view of the half-glimpsed entity at the centre. The three zones are marked by a symbol* in the top right-hand corner to help the reader navigate this triune journey; each picture a fragmentary shard in a multifaceted whole.
Hokusai portrayed Japan as a series of 36 prints. We offer our view of cyber risk as a set of 35 views, one less than 36, in due deference to the master.
*S for security, I for cyber insurance and C for cyber and information technology