Valuing Data Security and Privacy Using Cyber Insurance

What should be the minimum value of data security or privacy to a customer? We reason that at a minimum this value should be equal to the premium charged by an insurer for cyber insurance that compensates the customer for the claims resulting from the data security and privacy breaches. We calculate the premium for cyber insurance and the percentage coverage availed by a customer using Monte Carlo simulations

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Year of publication:	2020
Authors:	Shah, Anand
Other Persons:	Dahake, Shishir (contributor) ; J, Sri Hari (contributor)
Publisher:	[2020]: [S.l.] : SSRN
Subject:	Datensicherheit \| Data security \| Datenschutz \| Data protection \| IT-Kriminalität \| IT crime \| Versicherung \| Insurance
Description of contents:	Abstract [papers.ssrn.com] ; Abstract [doi.org]

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 22, 2015 erstellt Volltext nicht verfügbar
Other identifiers:	10.2139/ssrn.2658069 [DOI]
Classification:	C15 - Statistical Simulation Methods; Monte Carlo Methods ; D82 - Asymmetric and Private Information ; G13 - Contingent Pricing; Futures Pricing ; G21 - Banks; Other Depository Institutions; Mortgages ; G22 - Insurance; Insurance Companies ; G28 - Government Policy and Regulation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10012856024