Download or read book Cyber Risks and Insurance The Legal Principles written by Dean Armstrong KC and published by Bloomsbury Publishing. This book was released on 2021-07-22 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full of tips, case studies, tables and checklists this new title sets out the parameters of liability in respect of potential and actual cyber insurance claims and examines the significant areas where such claims will have the greatest impact. Covering First and Third party insurance, it provides the answers to questions such as: What is the extent to which a data breach can be protected or mitigated against by having suitable insurance in place? How does having insurance interplay with obligations under the GDPR? To what extent can insurance be used to safeguard driverless cars, drones and other AI-machines? How can insurance companies assist when hackers hold companies to ransom after stealing data? How can insurance assist with smart contracts on the blockchain and for potential coding errors? How can insurance mitigate against the hacking of online systems of manned ships?

Download or read book Cyber Risks and Insurance written by dean armstrong. steward Qc (thomas. thakerar, shyam) and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "Full of tips, case studies, tables and checklists this new title sets out the parameters of liability in respect of potential and actual cyber insurance claims and examines the significant areas where such claims will have the greatest impact. Covering First and Third party insurance, it provides the answers to questions such as: What is the extent to which a data breach can be protected or mitigated against by having suitable insurance in place? How does having insurance interplay with obligations under the GDPR? To what extent can insurance be used to safeguard driverless cars, drones and other AI-machines? How can insurance companies assist when hackers hold companies to ransom after stealing data? How can insurance assist with smart contracts on the blockchain and for potential coding errors? How can insurance mitigate against the hacking of online systems of manned ships?."--

Download or read book Cyber Risks Insurance written by Celso de Azevedo and published by . This book was released on 2019 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Cyber Litigation The Legal Principles written by Dean Armstrong KC and published by Bloomsbury Publishing. This book was released on 2020-12-28 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber Litigation: The Legal Principles brings together the existing legal principles in this rapidly developing area of law whilst at the same time considering the latest challenges facing practitioners and corporate advisers. The authors have surveyed the legal landscape to identify bespoke approaches to the issues involved. The book looks at the most common causes of action in cyber litigation, including 'cybercrime', IP, data protection breaches, and conflict of laws considerations. It analyses the situations where cyber-related litigation requires a new approach and looks at the remedies available. It covers cyber litigation and regulatory enforcement action, as well as alternatives to litigation such as the NCA Prevent scheme, Deferred Prosecution Agreements and Civil Recovery. It describes situations where arbitration or mediation are mandated, as well as online dispute resolution and technology powered alternatives to traditional determination. Readers will benefit from the use of flowcharts, tables, checklists and case studies to provide a clear understanding of the processes involved, as well as legal analysis of significant cases, an insight into what constitutes 'data', and legal analysis and commentary on potential legal arguments that may arise in cyber litigation. Cyber Litigation: The Legal Principles is an essential title for all practitioners involved in commercial disputes, information technology professionals, data protection officers, compliance staff and technologists with a legal interest.

Download or read book Cybersecurity written by Ishaani Priyadarshini and published by CRC Press. This book was released on 2022-03-10 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first of its kind to introduce the integration of ethics, laws, risks, and policies in cyberspace. The book provides understanding of the ethical and legal aspects of cyberspace along with the risks involved. It also addresses current and proposed cyber policies, serving as a summary of the state of the art cyber laws in the United States. It also, importantly, incorporates various risk management and security strategies from a number of organizations. Using easy-to-understand language and incorporating case studies, the authors begin with the consideration of ethics and law in cybersecurity and then go on to take into account risks and security policies. The section on risk covers identification, analysis, assessment, management, and remediation. The very important topic of cyber insurance is covered as well—its benefits, types, coverage, etc. The section on cybersecurity policy acquaints readers with the role of policies in cybersecurity and how they are being implemented by means of frameworks. The authors provide a policy overview followed by discussions of several popular cybersecurity frameworks, such as NIST, COBIT, PCI/DSS, ISO series, etc.

Download or read book Solving Cyber Risk written by Andrew Coburn and published by John Wiley & Sons. This book was released on 2018-12-18 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The non-technical handbook for cyber security risk management Solving Cyber Risk distills a decade of research into a practical framework for cyber security. Blending statistical data and cost information with research into the culture, psychology, and business models of the hacker community, this book provides business executives, policy-makers, and individuals with a deeper understanding of existing future threats, and an action plan for safeguarding their organizations. Key Risk Indicators reveal vulnerabilities based on organization type, IT infrastructure and existing security measures, while expert discussion from leading cyber risk specialists details practical, real-world methods of risk reduction and mitigation. By the nature of the business, your organization’s customer database is packed with highly sensitive information that is essentially hacker-bait, and even a minor flaw in security protocol could spell disaster. This book takes you deep into the cyber threat landscape to show you how to keep your data secure. Understand who is carrying out cyber-attacks, and why Identify your organization’s risk of attack and vulnerability to damage Learn the most cost-effective risk reduction measures Adopt a new cyber risk assessment and quantification framework based on techniques used by the insurance industry By applying risk management principles to cyber security, non-technical leadership gains a greater understanding of the types of threat, level of threat, and level of investment needed to fortify the organization against attack. Just because you have not been hit does not mean your data is safe, and hackers rely on their targets’ complacence to help maximize their haul. Solving Cyber Risk gives you a concrete action plan for implementing top-notch preventative measures before you’re forced to implement damage control.

Download or read book Security Risk Models for Cyber Insurance written by David Rios Insua and published by CRC Press. This book was released on 2020-12-20 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tackling the cybersecurity challenge is a matter of survival for society at large. Cyber attacks are rapidly increasing in sophistication and magnitude—and in their destructive potential. New threats emerge regularly, the last few years having seen a ransomware boom and distributed denial-of-service attacks leveraging the Internet of Things. For organisations, the use of cybersecurity risk management is essential in order to manage these threats. Yet current frameworks have drawbacks which can lead to the suboptimal allocation of cybersecurity resources. Cyber insurance has been touted as part of the solution – based on the idea that insurers can incentivize companies to improve their cybersecurity by offering premium discounts – but cyber insurance levels remain limited. This is because companies have difficulty determining which cyber insurance products to purchase, and insurance companies struggle to accurately assess cyber risk and thus develop cyber insurance products. To deal with these challenges, this volume presents new models for cybersecurity risk management, partly based on the use of cyber insurance. It contains: A set of mathematical models for cybersecurity risk management, including (i) a model to assist companies in determining their optimal budget allocation between security products and cyber insurance and (ii) a model to assist insurers in designing cyber insurance products. The models use adversarial risk analysis to account for the behavior of threat actors (as well as the behavior of companies and insurers). To inform these models, we draw on psychological and behavioural economics studies of decision-making by individuals regarding cybersecurity and cyber insurance. We also draw on organizational decision-making studies involving cybersecurity and cyber insurance. Its theoretical and methodological findings will appeal to researchers across a wide range of cybersecurity-related disciplines including risk and decision analysis, analytics, technology management, actuarial sciences, behavioural sciences, and economics. The practical findings will help cybersecurity professionals and insurers enhance cybersecurity and cyber insurance, thus benefiting society as a whole. This book grew out of a two-year European Union-funded project under Horizons 2020, called CYBECO (Supporting Cyber Insurance from a Behavioral Choice Perspective).

Download or read book LAW AND PRACTICE written by CELSO DE. AZEVEDO and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Enhancing the Role of Insurance in Cyber Risk Management written by OECD and published by OECD Publishing. This book was released on 2017-12-08 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges.

Download or read book Cyberinsurance Policy written by Josephine Wolff and published by MIT Press. This book was released on 2022-08-30 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why cyberinsurance has not improved cybersecurity and what governments can do to make it a more effective tool for cyber risk management. As cybersecurity incidents—ranging from data breaches and denial-of-service attacks to computer fraud and ransomware—become more common, a cyberinsurance industry has emerged to provide coverage for any resulting liability, business interruption, extortion payments, regulatory fines, or repairs. In this book, Josephine Wolff offers the first comprehensive history of cyberinsurance, from the early “Internet Security Liability” policies in the late 1990s to the expansive coverage offered today. Drawing on legal records, government reports, cyberinsurance policies, and interviews with regulators and insurers, Wolff finds that cyberinsurance has not improved cybersecurity or reduced cyber risks. Wolff examines the development of cyberinsurance, comparing it to other insurance sectors, including car and flood insurance; explores legal disputes between insurers and policyholders about whether cyber-related losses were covered under policies designed for liability, crime, or property and casualty losses; and traces the trend toward standalone cyberinsurance policies and government efforts to regulate and promote the industry. Cyberinsurance, she argues, is ineffective at curbing cybersecurity losses because it normalizes the payment of online ransoms, whereas the goal of cybersecurity is the opposite—to disincentivize such payments to make ransomware less profitable. An industry built on modeling risk has found itself confronted by new technologies before the risks posed by those technologies can be fully understood.

Download or read book A Practical Guide to Cyber Insurance for Businesses written by Lauren D. Godfrey and published by American Bar Association. This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: While there are many books about cybersecurity, data privacy and related issues, there are very few, if any, books about cyber insurance. A Practical Guide to Cyber Insurance for Businesses, fills that void and provides a practical look at cyber insurance for different types of businesses. This book is divided into two parts. The first eight chapters focus on the development of cyber insurance and various aspects and elements of cyber insurance that affect all industries, including how cyber insurance interacts with other commercial insurance coverage. Chapters nine through twenty-five take a closer look at the cyber risks and cyber insurance coverage needs for specific industries. In this way, the unique characteristics of each industry segment are highlighted and a review of cyber insurance for that industry segment is more focused. While not every possible industry segment is covered, the broadness of the industries covered should provide guidance to any business.

Download or read book Damage Control written by Joseph E. Brunsman (MSL) and published by . This book was released on 2022 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Damage Control' is an approachable, non-technical, collection of knowledge and experience from a Master’s in Cybersecurity Law (MSL), a Chartered Property Casualty Underwriter (CPCU), and a Certified Information Systems Security Professional (CISSP). While extensive and heavily researched, Damage Control offers a clear avenue for readers to understand the following questions, and more: What are the basics of cybersecurity? What is a breach? What threats are facing my business? When is client notification required, or not required? What potential state cybersecurity and breach notification laws apply to my business, and what do they mandate? What potential federal or international cybersecurity and privacy laws apply to my business? What “cyber” coverage may be found in my existing insurance policies? What does cyber insurance cover, or not cover? What should be in my cyber insurance policy, and why? How much cyber insurance do I need? How do I minimize my odds of a declination of coverage? What happens when multiple policies cover the same loss? When regulators mandate, 'reasonable' cybersecurity, what do they mean? Damage Control is the ideal reference for business owners, management, internal and external IT, cybersecurity staff, HR professionals, operations professionals, undergraduate or graduate-level students, privacy or cybersecurity law attorneys,and cyber insurance providers,

Download or read book Blockchain and Cryptocurrency International Legal and Regulatory Challenges written by Dean Armstrong KC and published by Bloomsbury Publishing. This book was released on 2022-11-21 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a comprehensive explanation of blockchain, cryptocurrency and the international regulation and challenges that apply, this book introduces the reader to the core topics, including: global regulation of blockchain and cryptoassets; the Internet of Things; the Right to be Forgotten and the right to erasure; environmental, social and governance metrics; smart contracts; initial coin offerings; data protection regulation; Decentralised Autonomous Organisations ('DAOs') and the Metaverse. Written by leading UK experts in cyber law, the Second Edition includes: - fungible and non-fungible cryptoassets ('NFTs') - remedy and tracing strategies - financial hygiene requirements that flow from anti-money laundering - counter-terrorist financing regulations. Explaining the fundamentals of blockchain and cryptocurrency in an accessible and understandable way, and sparking new thinking about how old problems can be solved in new ways, this book is essential reading for anyone wishing to have a wider understanding of this complex and evolving area of law. This title is included in Bloomsbury Professional's Cyber Law online service.

Download or read book Digital Asset Valuation and Cyber Risk Measurement written by Keyun Ruan and published by Academic Press. This book was released on 2019-06-12 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital Asset Valuation and Cyber Risk Measurement: Principles of Cybernomics is a book about the future of risk and the future of value. It examines the indispensable role of economic modeling in the future of digitization, thus providing industry professionals with the tools they need to optimize the management of financial risks associated with this megatrend. The book addresses three problem areas: the valuation of digital assets, measurement of risk exposures of digital valuables, and economic modeling for the management of such risks. Employing a pair of novel cyber risk measurement units, bitmort and hekla, the book covers areas of value, risk, control, and return, each of which are viewed from the perspective of entity (e.g., individual, organization, business), portfolio (e.g., industry sector, nation-state), and global ramifications. Establishing adequate, holistic, and statistically robust data points on the entity, portfolio, and global levels for the development of a cybernomics databank is essential for the resilience of our shared digital future. This book also argues existing economic value theories no longer apply to the digital era due to the unique characteristics of digital assets. It introduces six laws of digital theory of value, with the aim to adapt economic value theories to the digital and machine era. Comprehensive literature review on existing digital asset valuation models, cyber risk management methods, security control frameworks, and economics of information security Discusses the implication of classical economic theories under the context of digitization, as well as the impact of rapid digitization on the future of value Analyzes the fundamental attributes and measurable characteristics of digital assets as economic goods Discusses the scope and measurement of digital economy Highlights cutting-edge risk measurement practices regarding cybersecurity risk management Introduces novel concepts, models, and theories, including opportunity value, Digital Valuation Model, six laws of digital theory of value, Cyber Risk Quadrant, and most importantly, cyber risk measures hekla and bitmort Introduces cybernomics, that is, the integration of cyber risk management and economics to study the requirements of a databank in order to improve risk analytics solutions for (1) the valuation of digital assets, (2) the measurement of risk exposure of digital assets, and (3) the capital optimization for managing residual cyber risK Provides a case study on cyber insurance

Download or read book Mitigating Moral Hazard in Cyber Risk Insurance written by Liam M. D. Bailey and published by . This book was released on 2020-08-04 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last decade, electronically stored data has become both an indispensable asset and emergent liability for companies that transact business online. Almost weekly, data breaches and computer crimes make national headlines, compounding the public's demand for adequate protection of sensitive consumer information. Increasingly, entities doing business in the information age find that traditional commercial general liability insurance policies do not cover the loss or theft of electronic data, leaving those entities with a sizable gap in insurance coverage in the event of a data breach. In response to this coverage gap, insurers have begun underwriting cyber-risk insurance policies to specifically address the perils of e-commerce. These policies range from coverage for losses and fines associated with data breach notification statutes, to comprehensive indemnity from consumer class action suits, infrastructure remediation costs and credit monitoring for affected individuals. Similar to more established types of insurance, however, cyber-risk coverage is not immune from the traditional vulnerabilities of the insurance marketplace, including moral hazard and adverse selection. This Article seeks to provide insurers and policymakers with a suggestion for mitigating moral hazard in the cyber-risk insurance market. Through an analysis of information security regulation and public policy considerations, this Article proposes an information exchange that insurers and regulators may use to share loss data, claim costs, and compliance audits of insureds, in an effort to more effectively price cyber-risk coverage and thereby reduce the moral hazard presented by insureds that possess insufficient information security infrastructure. Admission to this information exchange is predicated on two conditions: First, an insurer must pledge to discount premiums for entities that employ information security infrastructure that sufficiently protects consumer custodial data as matter of public policy; and second, insurers writing cyber-risk coverage must contribute their own loss data to this information exchange. The result of this proposal is a recommendation for an information-sharing platform, which encourages insurers to pool loss data and differentiate premiums for preferred risks. Because cyber-risk insurance is neither a market-driven private enterprise engaged in the unrestrained pursuit of profit, nor a tightly regulated, monopolistic public utility, this Article seeks to balance the autonomy of insurers with the public's need for adequately secured personal information to create a system that simultaneously mitigates moral hazard for insurers while encouraging the adequate protection of consumer data.

Download or read book Cyber Risks for Business Professionals written by Rupert Kendrick and published by IT Governance Ltd. This book was released on 2010 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cyber Risks for Business Professionals: A Management Guide is a general guide to the origins of cyber risks and to developing suitable strategies for their management. It provides a breakdown of the main risks involved and shows you how to manage them. Covering the relevant legislation on information security and data protection, the author combines his legal expertise with a solid, practical grasp of the latest developments in IT to offer a comprehensive overview of a highly complex subject. Drawing on interviews with experts from Clifford Chance, Capgemini and Morgan Stanley amongst others, the book examines the operational and technological risks alongside the legal and compliance issues. This book will be invaluable to lawyers and accountants, as well as to company directors and business professionals. It explores the security complications that have arisen as a result of the use of laptop computers and memory sticks for remote working and other topics covered include PCI DSS (payment card industry data security standard), Cloud Computing and employee use of social networking sites.

Download or read book CYBER LIABILITY AND CYBER INSURANCE IN CANADA written by ERIC. DOLDEN and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: