Security Risk Models for Cyber Insurance

Name: Security Risk Models for Cyber Insurance
Brand: CRC Press

CRC Press

Security Risk Models for Cyber InsuranceAuthor(s): David Rios Insua, Caroline Baylon, Jose Vila\nFormat: Hardback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Chapman & Hall/CRC\nISBN-13: 9780367339494, 978-0367339494\nSynopsis\nTackling the cybersecurity challenge is a matter of survival for society at large. Cyber attacks are rapidly increasing in sophistication and magnitudeand 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. \n\nFor 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 cy.