Cyber risk management and actuarial analysis

Abstract

In the second half of the 18th century, manual production began to be replaced by steam engines. This is the beginning of a development that has fundamentally changed former political, economic and social systems from the late 18th to the mid 19th century in most parts of the world. The First Industrial Revolution began. Further continuation of technological and economic progress, the introduction of mass production and division of labor, grew into the Second Industrial Revolution, at the end of the 19th century. The Third Industrial Revolution or Digital Revolution, at the end of the 20th century, includes digital automation and information technology, their mass production and wide use, as well as its derivative technologies, including a computer, a mobile phone, and more. The Fourth Industrial Revolution brings us changes in digital technologies, physics, biology, using artificial intelligence (AI), machine learning, robotics, Internet of things (IoT), nanotechnology, 3D printing.