Security Risk Models For Cyber Insurance
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 leveragin......
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<P>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. </P><P>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 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. <
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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 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 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.This book grew out of a two-year European Union-funded project under Horizons 2020, called CYBECO (Supporting Cyber Insurance from a Behavioral Choice Perspective).
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Utforsk Security Risk Models For Cyber Insurance
Er du klar til å ta kontroll over cybersikkerheten din? Security Risk Models For Cyber Insurance gir deg verktøyene du trenger for å navigere i den komplekse verdenen av cybersikkerhet og forsikring. Dette banebrytende verket er resultatet av et toårig EU-finansiert prosjekt og tilbyr ny innsikt som vil hjelpe både selskaper og forsikringsselskaper med å forstå og håndtere cyberrisiko.
Hvorfor Velge Dette Verket?
- Matematisk modellering: Få tilgang til avanserte modeller for risikohåndtering som veileder deg i å allokere budsjettet mellom sikkerhetsprodukter og cyberforsikring.
- Adversarial risk analysis: Forstå trusselaktørenes atferd, hva som gjør at de angripe, og hvordan dette påvirker beslutningene dine.
- Praktiske resultater: Både cybersikkerhetsprofesjonelle og forsikringsselskaper kan dra nytte av innsiktene for å forbedre sikkerheten og forsikringsproduktene sine, noe som igjen kommer samfunnet til gode.
Innhold og Struktur
Dette verket er designet for å appellere til forskere og fagfolk innen flere disipliner, inkludert:
- Risiko- og beslutningsanalyse
- Analyzer og teknologihåndtering
- Atferdsøkonomi og aktuarielle vitenskaper
Ta Det Neste Steget Med Security Risk Models For Cyber Insurance
Ikke vent til neste cyberangrep! Styrk din forståelse av risiko og forsikring med Security Risk Models For Cyber Insurance. Denne boka er mer enn bare teori; den er en praktisk guide til å bygge et sikrere fremtid for både din organisasjon og samfunnet.
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