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Development of sustainable insurance for cyber risks, with associated benefits, inter alia requires reduction of ambiguity of the risk. Considering cyber risk, and data breaches in particular, as a man-made catastrophe clarifies the…

Applications · Statistics 2019-05-17 Spencer Wheatley , Annette Hofmann , Didier Sornette

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…

Cryptography and Security · Computer Science 2024-10-10 Uwazie Emmanuel Chinanu , Oluyemi Amujo

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…

Cryptography and Security · Computer Science 2024-10-04 Jukka Ruohonen , Kalle Hjerppe , Katleena Kortesuo

In response to the rising frequency and complexity of data breaches and evolving global privacy regulations, this study presents a comprehensive examination of academic literature on the classification of privacy breaches and violations…

Cryptography and Security · Computer Science 2025-12-29 Clint Fuchs , John D. Hastings

This study examines the impact of the COVID-19 pandemic on cybersecurity and data breaches, with a specific focus on the shift toward remote work. The study identifies trends and offers insights into cybersecurity incidents by analyzing…

Cryptography and Security · Computer Science 2024-04-09 Murat Ozer , Yasin Kose , Mehmet Bastug , Goksel Kucukkaya , Eva Ruhsar Varlioglu

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…

Applications · Statistics 2022-09-27 Maochao Xu , Quynh Nhu Nguyen

In this study an exploration of insurance risk transfer is undertaken for the cyber insurance industry in the United States of America, based on the leading industry dataset of cyber events provided by Advisen. We seek to address two core…

Risk Management · Quantitative Finance 2022-03-16 Matteo Malavasi , Gareth W. Peters , Pavel V. Shevchenko , Stefan Trück , Jiwook Jang , Georgy Sofronov

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…

General Finance · Quantitative Finance 2024-02-08 Daniel Celeny , Loïc Maréchal , Evgueni Rousselot , Alain Mermoud , Mathias Humbert

With an ever evolving cyber domain, delays in reporting incidents are a well-known problem in the cyber insurance industry. Addressing this problem is a requisite to obtaining the true picture of cyber incident rates and to model it…

Cryptography and Security · Computer Science 2022-02-04 Seema Sangari , Eric Dallal

The reporting delay in data breach incidents poses a formidable challenge for Incurred But Not Reported (IBNR) studies, complicating reserve estimation for actuarial professionals. This work presents a novel Bayesian nowcasting model…

Applications · Statistics 2024-07-29 Maochao Xu , Hong Sun , Peng Zhao

The General Data Protection Regulation (GDPR) requires an organisation that suffers a data breach to notify the competent Data Protection Authority. The organisation must also inform the relevant individuals, when a data breach threatens…

Cryptography and Security · Computer Science 2024-10-10 Frederik Zuiderveen Borgesius , Hadi Asghari , Noël Bangma , Jaap-Henk Hoepman

Background. In recent years, cyber security security user studies have been appraised in meta-research, mostly focusing on the completeness of their statistical inferences and the fidelity of their statistical reporting. However, estimates…

Human-Computer Interaction · Computer Science 2020-10-06 Thomas Groß

There have been extensive efforts in government, academia, and industry to anticipate, forecast, and mitigate cyber attacks. A common approach is time-series forecasting of cyber attacks based on data from network telescopes, honeypots, and…

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…

Social and Information Networks · Computer Science 2018-06-13 Palash Goyal , KSM Tozammel Hossain , Ashok Deb , Nazgol Tavabi , Nathan Bartley , Andr'es Abeliuk , Emilio Ferrara , Kristina Lerman

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…

Cryptography and Security · Computer Science 2021-06-22 Jason R. C. Nurse , Louise Axon , Arnau Erola , Ioannis Agrafiotis , Michael Goldsmith , Sadie Creese

This paper applies new and recently introduced approaches to study trends in gun violence in the United States. We use techniques in both the time and frequency domain to provide a more complete understanding of gun violence dynamics. We…

Physics and Society · Physics 2022-11-03 Nick James , Max Menzies

Cybercrime is a growing threat to organizations and individuals worldwide, with criminals using sophisticated techniques to breach security systems and steal sensitive data. This paper aims to comprehensively survey the latest advancements…

Machine Learning · Computer Science 2023-10-12 Lavanya Elluri , Varun Mandalapu , Piyush Vyas , Nirmalya Roy

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,…

Cryptography and Security · Computer Science 2023-11-29 Rina Patil , Gayatri Pise , Yatin Bhosale

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…

Risk Management · Quantitative Finance 2022-03-16 Pavel V. Shevchenko , Jiwook Jang , Matteo Malavasi , Gareth W. Peters , Georgy Sofronov , Stefan Trück

This research provides a comprehensive analysis of data breach trends across industries, regions, attack methods and data sensitivity from 2004 to 2024 using Microsoft Power BI. The research seeks to benefit from data visualisation…

Cryptography and Security · Computer Science 2025-02-11 Shanitamol Sojan Gracy
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