In the Media

In an article for Forbes, Sloan Research Scientist Ranjan Pal and Prof. Bodhibrata Nag of the Indian Institute of Management Calcutta highlight the  risks associated with the rise of Internet of things-driven smart cities and homes. “Unlike traditional catastrophic bond markets, where the (natural) catastrophe does not affect financial stability, a cyber-catastrophe can affect financial stability,” they write. “Hence, more information is needed by bond writing parties to screen cyber-risk exposure to guarantee no threat to financial stability.”