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https://www.um.edu.mt/library/oar/handle/123456789/121012
Title: | Cybersecurity in insurance |
Other Titles: | Management sciences and engineering |
Authors: | Dhatterwal, Jagjit Singh Kaswan, Kuldeep Singh Khakhil, Sanjay Kumar Sood, Kiran Grima, Simon |
Keywords: | Insurance -- Data processing Insurance -- Technological innovations Computer networks -- Security measures Cyberspace -- Security measures Financial risk management Insurance companies -- Risk management |
Issue Date: | 2024 |
Publisher: | River Publishers |
Citation: | Dhatterwal, J. S., Kaswan, K. S., Khakhil, S. K., Sood, K., & Grima, S. (2024). Cybersecurity in insurance. In J. P. Davim, C. Machado & H. Schaffers (Eds.), Management sciences and engineering (pp. 323-326). Denmark: River Publishers |
Abstract: | It is a common assumption in policy discussions that the widespread adoption of cyber insurance would boost network security. However, this depends on potential applicants’ processes to get cyber insurance. Candidates often submit proposals with self-evaluations as part of the selection process. A review of cyber insurance claim forms is presented here. According to the evidence presented in our contributions, the insurance industry will promote best practices in cybersecurity. The risk-based and proposal-based approaches to incident prevention are presented as solutions to the problem of information asymmetry. In this last section, we discuss the factors that may have led to the gap between insurance practices and informationally strong cybersecurity procedures. In this chapter, the importance of information management economics is highlighted for comprehending insurance coverage. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/121012 |
Appears in Collections: | Scholarly Works - FacEMAIns |
Files in This Item:
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Cybersecurity_in_insurance.pdf Restricted Access | 37.08 kB | Adobe PDF | View/Open Request a copy |
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