Cyber Risk Assessment for Insurability Verification

Abstract

Nowadays, cyber-risks are an important aspect on the business agenda in every company, but they are difficult to analyse. Cyber-insurance is considered as appropriate means to absorb financial losses caused by computer security breaches. Cyber security management in a company requires the inter-action of all corporate divisions. To ensure security of wide level at an enterprise, decision-makers must take the necessary measures to avert the dangers of cyber-attacks or, following an attack, take the right steps to manage a damage at the lowest possible level. Within the scope of insurability assessments, Risk Engineers must analyse these measures to perform a cyber insurance acceptance test.