Cyber-insurance can fulfil a key role in improving cybersecurity within companies by providing incentives for them to improve their security, requiring certain minimum protection standards. Unfortunately, so far, cyber-insurance has not been widely adopted. CYBECO focuses on two aspects to fill this gap: (1) including cyber threat behaviour through adversarial risk analysis to support insurance companies in estimating risks and setting premiums and (2) using behavioural experiments to improve IT owners’ cybersecurity decisions. We thus facilitate risk-based cybersecurity investments supporting insurers in their cyber offerings through a risk management modelling framework and tool.
|Title of host publication
|Challenges in Cybersecurity and Privacy - the European Research Landscape
|Jorge Bernal Bernabe, Antonio Skarmeta
|Place of Publication
|Number of pages
|Published - Jul 2019
|Security and digital forensics