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Cyber insurance is a complementary mechanism to further reduce the financial impact on the systems after their effort in defending against cyber attacks and implementing resilience mechanism to maintain the system-level operator even though…

密码学与安全 · 计算机科学 2023-12-06 Shutian Liu , Quanyan Zhu

With the recent growing number of cyberattacks and the constant lack of effective defense methods, cyber risks become ubiquitous in enterprise networks, manufacturing plants, and government computer systems. Cyber-insurance provides a…

密码学与安全 · 计算机科学 2019-05-08 Rui Zhang , Quanyan Zhu

The cyber risk insurance market is at a nascent stage of its development, even as the magnitude of cyber losses is significant and the rate of cyber loss events is increasing. Existing cyber risk insurance products as well as academic…

最优化与控制 · 数学 2023-10-09 Qikun Xiang , Ariel Neufeld , Gareth W. Peters , Ido Nevat , Anwitaman Datta

Risk perceptions are essential in cyber insurance contracts. With the recent surge of information, human risk perceptions are exposed to the influences from both beneficial knowledge and fake news. In this paper, we study the role of the…

密码学与安全 · 计算机科学 2022-10-28 Shutian Liu , Quanyan Zhu

Though the sharing of medical data has the potential to lead to breakthroughs in health care, the sharing process itself exposes patients and health care providers to various risks. Patients face risks due to the possible loss in privacy or…

计算机科学与博弈论 · 计算机科学 2022-09-21 Yoon Lee , Anil Aswani

Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, spams, and botnets. To reduce the probability of risk, an Internet user generally invests in traditional security…

密码学与安全 · 计算机科学 2012-02-07 Ranjan Pal

Cyberinsurance is a powerful tool to align market incentives toward improving Internet security. We trace the evolution of cyberinsurance from traditional insurance policies to early cyber-risk insurance policies to current comprehensive…

密码学与安全 · 计算机科学 2007-05-23 Ruperto P. Majuca , William Yurcik , Jay P. Kesan

Nowadays, cyber threats are considered among the most dangerous risks by top management of enterprises. One way to deal with these risks is to insure them, but cyber insurance is still quite expensive. The insurance fee can be reduced if…

密码学与安全 · 计算机科学 2025-03-05 Ganbayar Uuganbayar , Artsiom Yautsiukhin , Fabio Martinelli , Fabio Massacci

The interconnectivity of cyber and physical systems and Internet of things has created ubiquitous concerns of cyber threats for enterprise system managers. It is common that the asset owners and enterprise network operators need to work…

系统与控制 · 电气工程与系统科学 2019-08-14 Juntao Chen , Quanyan Zhu , Tamer Başar

This chapter will first present a principal-agent game-theoretic model to capture the interactions between one insurer and one user. The insurer is deemed as the principal who does not have incomplete information about user's security…

计算机与社会 · 计算机科学 2020-01-01 Quanyan Zhu

Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, spams, and botnets. To reduce the probability of risk, an Internet user generally invests in traditional security…

密码学与安全 · 计算机科学 2011-03-09 Ranjan Pal , Leana Golubchik

Pricing insurance for risks associated with information technology systems presents a complex modelling challenge, combining the disciplines of operations management, security, and economics. This work proposes a socioeconomic modelling…

综合经济学 · 经济学 2023-10-05 Henry Skeoch , David Pym

The paper provides a comprehensive overview of modeling and pricing cyber insurance and includes clear and easily understandable explanations of the underlying mathematical concepts. We distinguish three main types of cyber risks:…

风险管理 · 定量金融 2022-12-06 Kerstin Awiszus , Thomas Knispel , Irina Penner , Gregor Svindland , Alexander Voß , Stefan Weber

Cyber risk has become a critical financial threat in today's interconnected digital economy. This paper introduces a cyber-risk management framework for networked digital systems that combines the strategic behavior of players with…

密码学与安全 · 计算机科学 2026-01-26 Elisa Botteghi , Martino S. Centonze , Davide Pastorello , Daniele Tantari

Revenue sharing contracts between Content Providers (CPs) and Internet Service Providers (ISPs) can act as leverage for enhancing the infrastructure of the Internet. ISPs can be incentivized to make investments in network infrastructure…

综合经济学 · 经济学 2019-08-27 Fehmina Malik , Manjesh K. ~Hanawal , Yezekael Hayel , Jayakrishnan Nair

Internet users such as individuals and organizations are subject to different types of epidemic risks such as worms, viruses, and botnets. To reduce the probability of risk, an Internet user generally invests in self-defense mechanisms like…

密码学与安全 · 计算机科学 2011-07-26 Ranjan Pal , Leana Golubchik , Konstantinos Psounis

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…

风险管理 · 定量金融 2023-08-03 Wing Fung Chong , Daniel Linders , Zhiyu Quan , Linfeng Zhang

This paper investigates a Pareto optimal insurance problem, where the insured maximizes her rank-dependent utility preference and the insurer is risk neutral and employs the mean-variance premium principle. To eliminate potential moral…

风险管理 · 定量金融 2022-08-03 Zuo Quan Xu

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…

密码学与安全 · 计算机科学 2021-06-22 Jason R. C. Nurse , Louise Axon , Arnau Erola , Ioannis Agrafiotis , Michael Goldsmith , Sadie Creese

In recent years, researchers have proposed \emph{cyber-insurance} as a suitable risk-management technique for enhancing security in Internet-like distributed systems. However, amongst other factors, information asymmetry between the insurer…

密码学与安全 · 计算机科学 2012-02-07 Ranjan Pal , Pan Hui
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