What is Cybernomics?
Coined by Keyun Ruan in 2016, Cybernomics is a new field in the intersection between cyber risk and economics, tailored for the 4th Industrial Revolution. It is a field dedicated to study 1) the valuation of all digital assets 2) the measurement of risk exposure of all digital assets and 3) the capital optimisation for managing risks of all digital assets. Cybernomics concerns the accurate valuation of our global digital economy as a whole, as well as accurate measurement of its associated risks.
The key novelty of Keyun's cybernomic theories include introducing six new laws of cybernomics, the invention of novel digital asset valuation models for the digital economy, as well as the invention of bitmort and hekla, a pair of measurement units for cyber risk.
Ruan K. (2019) ‘Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics’, Academic Press, Elsevier Economics [order here]
Schloss Dagstuhl Workshop, 29 Mar - 3 April, 2020
"Digital asset valuation and cyber risk measurement: economic theories for the 4th Industrial Revolution", SINET, Global Cybersecurity Innovation Summit, the British Museum, London, 30 January
"Digital asset valuation and cyber risk measurement: economic theories for the 4th Industrial Revolution", University of Oxford, 12 November 2019
"Cloud security and cyber risk measurement", Web Summit, Lisbon, 4-6 November 2019
"Digital asset valuation and cyber risk measurement: economic theories for the 4th Industrial Revolution", Keynote, ATM & Cyber Security, 8 October 2019, London
"4th Industrial Revolution - Cyber Security: Financial Services", Shaping Horizons, University of Cambridge, 3 September, 2019
"How to benchmark enterprise risk posture", InfoSec Magazine Online Summit, 24-25 September, 2019
Keynote, "A Whistle-stoping tour of Enterprise Top Risks", InfoSec Europe 2019, Olympia, London, 4 June 2019
Speaker, "Cybernomics: Digital Asset Valuation and Cyber Risk Measurement", Cybersecurity Asia 2018, Kuala Lumpur, Malaysia, 5 September 2018
Panelist, "Measuring and minimising the impact of cybercrime on the economy", Cybersecurity Asia 2018, Kuala Lumpur, Malaysia, 4 September 2018