Enhancing the Role of Insurance in Cyber Risk Management Contributor(s): Oecd (Author) |
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ISBN: 9264282130 ISBN-13: 9789264282131 Publisher: Org. for Economic Cooperation & Development OUR PRICE: $34.20 Product Type: Paperback - Other Formats Published: January 2018 * Not available - Not in print at this time * |
Additional Information |
BISAC Categories: - Business & Economics | Development - Economic Development - Business & Economics | Finance - General |
LCCN: 2018381115 |
Physical Information: 0.3" H x 8.25" W x 11" (0.73 lbs) 140 pages |
Descriptions, Reviews, Etc. |
Publisher Description: The digital transformation of economic activities is creating significant opportunities for innovation, convenience and efficiency. However, recent major incidents have highlighted the digital security and privacy protection risks that come with an increased reliance on digital technologies. While not a substitute for investing in cyber security and risk management, insurance coverage for cyber risk can make a significant contribution to the management of cyber risk by promoting awareness about exposure to cyber losses, sharing expertise on risk management, encouraging investment in risk reduction and facilitating the response to cyber incidents. This report provides an overview of the financial impact of cyber incidents, the coverage of cyber risk available in the insurance market, the challenges to market development and initiatives to address those challenges. It includes a number of policy recommendations which support the development of the cyber insurance market and contribute to improving the management of cyber risk. |