Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Two simple models of business interruption accumulation risk in cyber insurance
RISE - Research Institutes of Sweden, ICT, SICS. (Software and Systems Engineering Laboratory)ORCID iD: 0000-0003-2017-7914
IABG mbH, Germany.
2019 (English)Conference paper, Published paper (Refereed)
Abstract [en]

As modern society becomes ever more dependenton IT services, risk management of cyber incidents becomes more important. Cyber insurance is one tool, among others, for such risk management that has received much attentionin the past few years. One obstacle to well-functioning cyberinsurance, however, is the fact that cyber accumulation risk remains poorly understood, despite efforts from practitioners and scientists.

In this article, we address the accumulation risk of business interruption incidents, an area that has received less attention than the accumulation risk of data breach incidents. Two simple models are introduced: First, a model that takes the insurer’s perspective and explores the impact on aggregated claims cost from incidents that unintentionally propagate between firms. Second, a model that takes the insured’s perspective, considering the impacts of limited incident management capacity and showing that there is sometimes an economic case for collectively funding additional incident managers. The paper is concluded with some reflections on the models and an outlook.

Place, publisher, year, edition, pages
2019.
Keywords [en]
cyber insurance, business interruption, accumulation risk
National Category
Computer and Information Sciences
Identifiers
URN: urn:nbn:se:ri:diva-39900OAI: oai:DiVA.org:ri-39900DiVA, id: diva2:1351186
Conference
IEEE Cyber Science 2019 IEEE Cyber Science 2019.June 3-4, 2019. University of Oxford, UK
Projects
DRISTIG
Funder
Swedish Civil Contingencies Agency, 2015-6986Available from: 2019-09-13 Created: 2019-09-13 Last updated: 2019-09-17Bibliographically approved

Open Access in DiVA

fulltext(224 kB)9 downloads
File information
File name FULLTEXT01.pdfFile size 224 kBChecksum SHA-512
14011bf3a20d4f249cc5d26c78428cc4783a80e552de71433bee71fe77338c2912b91d51407e8ab718e17c93f4a31ed67c9115c3cc20ab0d241118106ccb4b5b
Type fulltextMimetype application/pdf

Search in DiVA

By author/editor
Franke, Ulrik
By organisation
SICS
Computer and Information Sciences

Search outside of DiVA

GoogleGoogle Scholar
Total: 9 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 43 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf