Security Risk Models for Cyber Insurance Rios Insua David
Security Risk Models for Cyber Insurance Rios Insua David Tackling the cybersecurity challenge is a matter of survival for society at large. New threats emerge regularly, the last few years having…
Specifikacia Security Risk Models for Cyber Insurance Rios Insua David
Security Risk Models for Cyber Insurance Rios Insua David
Tackling the cybersecurity challenge is a matter of survival for society at large. New threats emerge regularly, the last few years having seen a ransomware boom and distributed denial-of-service attacks leveraging the Internet of Things.For organisations, the use of cybersecurity risk management is essential in order to manage these threats. Cyber attacks are rapidly increasing in sophistication and magnitude-and in their destructive potential.
Cyber insurance has been touted as part of the solution - based on the idea that insurers can incentivize companies to improve their cybersecurity by offering premium discounts - but cyber insurance levels remain limited. Yet current frameworks have drawbacks which can lead to the suboptimal allocation of cybersecurity resources. This is because companies have difficulty determining which cyber insurance products to purchase, and