A Study on Cyber Risk and InsuranceSpeaker : Changki Kim
Associate Professor / Korea University
Abstract : A personal information leakage insurance protects the insured against both direct risk of a leakage of personal information, indirect risk of liability for damage and a bad reputation caused by direct risk. The global market of personal information leakage insurance has been growing rapidly over the past few years and a lot of new personal information leakage insurance policies have been introduced to cover new information leakage risks. However, many personal information leakage insurances provide protection against usually the risk of liability for damage. And it is hard to find out the effectiveness of the cyber insurance due to poor cyber risk modeling and insurance design. This paper compares and analyzes the personal information leakage insurance policies in U.S. Also, this study suggests a statistical model that can measure personal information leakage risks using the number of identity theft in U.S. Also another model that can measure the amount of losses from cyber risks is suggested. And cyber risk management methodologies such as cyber insurance and cyber bonds are discussed.
Key words: Cyber risk, cyber insurance, personal information leakage, cyber risk modeling.
Audience : Faculty, Graduate student
Department : 경영학부
Staff : 이동하
Contact : 052-217-3662