Team for Research in
Ubiquitous Secure Technology

Citation
Galina A. Schwartz. "Modeling Cyber-Insurance: Towards A Unifying Framework". Talk or presentation, 11, November, 2010.

Abstract
We propose a comprehensive formal framework to classify all market models of cyber-insurance we are aware of. The framework features a common terminology and deals with the specific properties of cyber-risk in a unified way: interdependent security, correlated risk, and information asymmetries. A survey of existing models, tabulated according to our framework, reveals a discrepancy between informal arguments in favor of cyber-insurance as a tool to align incentives for better network security, and analytical results questioning the viability of a market for cyber-insurance. Using our framework, we show which parameters should be considered and endogenized in future models to close this gap.

Electronic downloads

• 22%20-%20Schwartz%20%28Berkeley%29.pdf · application/nappdf · 547 kbytes

• HTML

  Galina A. Schwartz. <a
  href="http://www.truststc.org/pubs/776.html"
  ><i>Modeling Cyber-Insurance:  Towards A Unifying
  Framework</i></a>, Talk or presentation,  11,
  November, 2010.

• Plain text

  Galina A. Schwartz. "Modeling Cyber-Insurance:  Towards
  A Unifying Framework". Talk or presentation,  11,
  November, 2010.

• BibTeX

  @presentation{Schwartz10_ModelingCyberInsuranceTowardsUnifyingFramework,
      author = {Galina A. Schwartz},
      title = {Modeling Cyber-Insurance:  Towards A Unifying
                Framework},
      day = {11},
      month = {November},
      year = {2010},
      abstract = {We propose a comprehensive formal framework to
                classify all market models of cyber-insurance we
                are aware of. The framework features a common
                terminology and deals with the specific properties
                of cyber-risk in a unified way: interdependent
                security, correlated risk, and information
                asymmetries. A survey of existing models,
                tabulated according to our framework, reveals a
                discrepancy between informal arguments in favor of
                cyber-insurance as a tool to align incentives for
                better network security, and analytical results
                questioning the viability of a market for
                cyber-insurance. Using our framework, we show
                which parameters should be considered and
                endogenized in future models to close this gap.},
      URL = {http://www.truststc.org/pubs/776.html}
  }
  

Posted by Larry Rohrbough on 7 Dec 2010.
Groups: trust
For additional information, see the Publications FAQ or contact webmaster at www truststc org.