Policy measures and cyber insurance: a framework

Modeling Cyber-Insurance: Towards a Unifying Framework

We propose a comprehensive formal framework to classify all market models of cyber-insurance we are aware of. The framework features a common terminology and deals with the specific properties of cyber-risk in a unified way: interdependent security, correlated risk, and information asymmetries. A survey of existing models, tabulated according to our framework, reveals a discrepancy between info...

Cyber Risk Exposure and Prospects for Cyber Insurance

This study draws attention to the ubiquitous and borderless nature of cybercrime. It examines the prospect of introducing customized cyber insurance policy in the Nigerian market. As secondary data was not available, the study conducted a survey by administering three sets of questionnaire to purposively selected top executives in four Trade Groups that rely heavily on Internet transactions for...

cyber risk exposure and prospects for cyber insurance

this study draws attention to the ubiquitous and borderless nature of cybercrime. it examines the prospect of introducing customized cyber insurance policy in the nigerian market. as secondary data was not available, the study conducted a survey by administering three sets of questionnaire to purposively selected top executives in four trade groups that rely heavily on internet transactions for...

Cyber Security and Resiliency Policy Framework

Models and Measures for Correlation in Cyber-Insurance

High correlation in failure of information systems due to worms and viruses has been cited as major impediment to cyber-insurance. However, of the many cyber-risk classes that influence failure of information systems, not all exhibit similar correlation properties. In this paper, we introduce a new classification of correlation properties of cyber-risks based on a twin-tier approach. At the fir...