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Concept for analyzing cascading failures and vulnerabilities in interconnected systems, focusing on resilience and governance.
Systemic risk refers to the danger that failures or vulnerabilities in one part of a system trigger cascading effects and widespread disruption across socio-technical or financial systems. The concept examines interdependencies, feedbacks and network structures to inform resilience, early warning and governance measures. It guides architectural and organizational decisions to reduce systemic fragility.
Time until quarantining an affected component after detection.
Probability that a local failure impacts further systems.
Weighted measure of critical dependencies between components.
Analysis of how failures of individual banks can trigger systemic crises via interbank networks.
Examination of dependencies between regions, DNS services and global load balancers.
Case study of faulty releases impacting multiple microservices and customer flows.
Capture system topology and critical dependencies.
Define relevant metrics, SLOs and alerting rules.
Set up runbooks, governance roles and escalation paths.