Security Risk Models for Cyber Insurance


Security Risk Models for Cyber Insurance 1st Edition
By 作者:David Rios Insua (Editor), Caroline Baylon (Editor), Jose Vila (Editor)
Publisher Finelybook 出版社 : Chapman and Hall/CRC; 1st edition (December 21, 2020)
Language : English
pages 页数: 172 pages
ISBN-10 : 0367339498
ISBN-13 : 9780367339494
The Book Description robot was collected from Amazon and arranged by Finelybook
Tackling the cybersecurity challenge is a matter of survival for society at large. Cyber attacks are rapidly increasing in sophistication and magnitude―and in their destructive potential. 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. Yet current frameworks have drawbacks which can lead to the suboptimal allocation of cybersecurity resources. Cyber insurance has been touted as part of the solution – based on the idea that insurers can incentivize companies to improve their cybersecurity By 作者:offering premium discounts – but cyber insurance levels remain limited. This is because companies have difficulty determining which cyber insurance products to purchase, and insurance companies struggle to accurately assess cyber risk and thus develop cyber insurance products.
To deal with these challenges, this volume presents new models for cybersecurity risk management, partly based on the use of cyber insurance. It contains:

A set of mathematical models for cybersecurity risk management, including (i) a model to assist companies in determining their optimal budget allocation between security products and cyber insurance and (ii) a model to assist insurers in designing cyber insurance products.
The models use adversarial risk analysis to account for the behavior of threat actors (as well as the behavior of companies and insurers).
To inform these models, we draw on psychological and behavioural economics studies of decision-making By 作者:individuals regarding cybersecurity and cyber insurance.
We also draw on organizational decision-making studies involving cybersecurity and cyber insurance.
Its theoretical and methodological findings will appeal to researchers across a wide range of cybersecurity-related disciplines including risk and decision analysis, analytics, technology management, actuarial sciences, behavioural sciences, and economics. The practical findings will help cybersecurity professionals and insurers enhance cybersecurity and cyber insurance, thus benefiting society as a whole.

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