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Cyber insurance. Cyber-insurance is a specialty insurance product intended to protect businesses from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not ...
Insuring against cybercrime has grown from a tiny niche to a $10 billion market, with firms that offer coverage ranging from small specialty carriers to household names such as Chubb and Travelers ...
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an ...
Cyber risk quantification is a supporting activity to cybersecurity risk management; cybersecurity risk management is a component of enterprise risk management and is especially important in organizations and enterprises that are highly dependent upon their information technology (IT) networks and systems for their business operations.
Cyber insurance rates dropped around 10% in June compared with a year earlier, reversing recent sharp rate rises, as claims proved smaller than expected, broker Howden said in a report on Wednesday.
A week after a cyberattack disrupted insurance processing at pharmacies across the US, health care professionals from Maryland to New York tell CNN that the hack continues to upend their ...
The Gordon–Loeb model is a mathematical economic model analyzing the optimal investment level in information security . The primary benefits from cybersecurity investments result from the cost savings associated with cyber breaches that are prevented due to the investment. However, as with any investment, it is important to compare the ...
Economics of security. The economics of information security addresses the economic aspects of privacy and computer security. Economics of information security includes models of the strictly rational “ homo economicus ” as well as behavioral economics. Economics of security addresses individual and organizational decisions and behaviors ...
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