Related papers: Incident-Specific Cyber Insurance
As climate change poses new and more unpredictable challenges to society, insurance is an essential avenue to protect against loss caused by extreme events. Traditional insurance risk models employ statistical analyses that are inaccurate…
In the wake of the arrival of digital media, the Internet, the web, and online social media, a flood of new cyber security research questions have emerged. There is a lot of money being lost around the world because of cyber-attacks. As a…
Critical infrastructure increasingly relies on interconnected cyber-physical systems whose security incidents can escalate rapidly into safety and operational failures. Existing decision-support approaches struggle to support real-time…
Cyber attacks continue to be a cause of concern despite advances in cyber defense techniques. Although cyber attacks cannot be fully prevented, standard decision-making frameworks typically focus on how to prevent them from succeeding,…
We design the insurance contract when the insurer faces arson-type risks. The optimal contract must be manipulation-proof. It is therefore continuous, it has a bounded slope, and it satisfies the no-sabotage condition when arson-type…
We introduce a model for a market based economic system of cyber-risk valuation to correct fundamental problems of incentives within the information technology and information processing industries. We assess the makeup of the current day…
The Internet Economy has a strong dependency on cyberspace. This raises security risk scenarios due to the increasing number of vulnerabilities and the increased frequency and sophistication of cyber attacks, especially with the advent of…
The need for information security within small to mid-size companies is increasing. The risks of information security breach, data loss, and disaster are growing. The impact of IT outages and issues on the company are unacceptable to any…
In this paper are presented methods of impact analysis on informatics system security accidents, qualitative and quantitative methods, starting with risk and informational system security definitions. It is presented the relationship…
In times of Industry 4.0 and cyber-physical systems (CPS) providing security is one of the biggest challenges. A cyber attack launched at a CPS poses a huge threat, since a security incident may affect both the cyber and the physical world.…
In today's digital world, cybercrime is responsible for significant damage to organizations, including financial losses, operational disruptions, or intellectual property theft. Cyberattacks often start with an email, the major means of…
In our more and more interconnected world, a specific risk is that of a cyber-epidemic (or cyber-pandemic), produced either accidentally or intentionally, where a cyber virus propagates from device to device up to undermining the global…
This paper is focused on mapping the current evolution of Internet of Things (IoT) and its associated cyber risks for the Industry 4.0 (I4.0) sector. We report the results of a qualitative empirical study that correlates academic literature…
A computer network can be attacked in a number of ways. The security-related threats have become not only numerous but also diverse and they may also come in the form of blended attacks. It becomes difficult for any security system to block…
We explore an optimal impulse control problem wherein an electronic device owner strategically calibrates protection levels against cyber attacks. Utilizing epidemiological compartment models, we qualitatively characterize the dynamics of…
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,…
Multiple product attributes like dimensions, weight, fragility, liquid content etc. determine the package type used by e-commerce companies to ship products. Sub-optimal package types lead to damaged shipments, incurring huge damage related…
As the Industrial Internet of Things (IIot) becomes more prevalent in critical application domains, ensuring security and resilience in the face of cyber-attacks is becoming an issue of paramount importance. Cyber-attacks against critical…
Increased automation has created an impetus to integrate infrastructure with wide-spread connectivity in order to improve efficiency, sustainability, autonomy, and security. Nonetheless, this reliance on connectivity and the inevitability…
This paper considers an optimal life insurance for a householder subject to mortality risk. The household receives a wage income continuously, which is terminated by unexpected (premature) loss of earning power or (planned and intended)…