Related papers: Data breaches in the catastrophe framework & beyon…

Personal data breaches from organisations, enabling mass identity fraud, constitute an \emph{extreme risk}. This risk worsens daily as an ever-growing amount of personal data are stored by organisations and on-line, and the attack surface…

Along with the increasing frequency and severity of cyber incidents, understanding their economic implications is paramount. In this context, listed firms' reactions to cyber incidents are compelling to study since they (i) are a good proxy…

The Internet and cyberspace are inseparable aspects of everyone's life. Cyberspace is a concept that describes widespread, interconnected, and online digital technology. Cyberspace refers to the online world that is separate from everyday…

While the size of a data breach is typically measured by the number of (consumer, customer, or user) records exposed or compromised, its economic impact is generally measured from the point of view of the corporation suffering the data…

Understanding the emergence of data breaches is crucial for cyber insurance. However, analyses of data breach frequency trends in the current literature lead to contradictory conclusions. We put forward that those discrepancies may be (at…

Breached data refers to the unauthorized access, theft, or exposure of confidential or sensitive information. Breaches typically occur when malicious actors or unauthorized users breach secure systems or networks, resulting in compromised…

In this study we examine the nature of losses from cyber related events across different risk categories and business sectors. Using a leading industry dataset of cyber events, we evaluate the relationship between the frequency and severity…

A data breach in the modern digital era is the unintentional or intentional disclosure of private data to uninvited parties. Businesses now consider data to be a crucial asset, and any breach of this data can have dire repercussions,…

Data breaches refer to unauthorized accesses to data. Typically but not always, data breaches are about cyber crime. An organization facing such a crime is often also in a crisis situation. Therefore, organizations should prepare also for…

AI companies and governments are increasingly concerned about frontier AI systems enabling cybercrime, yet defining meaningful capability thresholds requires knowing the scale of cybercrime today. Current estimates of global cybercrime…

It is very challenging to predict the cost of a cyber incident owing to the complex nature of cyber risk. However, it is inevitable for insurance companies who offer cyber insurance policies. The time to identifying an incident and the time…

The ability to accurately predict cyber-attacks would enable organizations to mitigate their growing threat and avert the financial losses and disruptions they cause. But how predictable are cyber-attacks? Researchers have attempted to…

This paper examines the complex nature of cyber attacks through an analysis of the LastPass breach. It argues for the integration of human-centric considerations into cybersecurity measures, focusing on mitigating factors such as…

Cyber attacks are growing in frequency and severity. Over the past year alone we have witnessed massive data breaches that stole personal information of millions of people and wide-scale ransomware attacks that paralyzed critical…

This paper presents a comparative survey of cyberthreat and attack trends starting from 2010 till date Cyber security breaches are constantly on the rise with huge uncertainty and risks The trend is causing rife globally because of its…

In the current market practice, many cyber insurance products offer a coverage bundle for losses arising from various types of incidents, such as data breaches and ransomware attacks, and the coverage for each incident type comes with a…

Data breaches have begun to take on new dimensions and their prediction is becoming of great importance to organizations. Prior work has addressed this issue mainly from a technical perspective and neglected other interfering aspects such…

Cyber insurance is a key component in risk management, intended to transfer risks and support business recovery in the event of a cyber incident. As cyber insurance is still a new concept in practice and research, there are many unanswered…

This research examines the pivotal role of human behavior in the realm of healthcare data management, situated at the confluence of technological advancements and human conduct. An in-depth analysis of security breaches in the United States…

In this paper we present a study on using novel data types to perform cyber risk quantification by estimating the likelihood of a data breach. We demonstrate that it is feasible to build a highly accurate cyber risk assessment model using…