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Cyberinsurance Policy
Book

Cyberinsurance Policy

Rethinking Risk in an Age of Ransomware, Computer Fraud, Data Breaches, and Cyberattacks (Information Policy)

MIT Press, 2022 more...


Editorial Rating

8

Qualities

  • Comprehensive
  • Eye Opening
  • Hot Topic

Recommendation

The cyber insurance market faces growing pains, as computer systems are becoming increasingly embedded in all aspects of business and crime, says cybersecurity expert Josephine Wolff. Insurers lack a clear definition of cybercrime and are working in an unregulated industry without adequate support from policymakers, she explains. Wolff guides readers through the complex challenges emerging cyber threats present while making suggestions to policymakers and insurers regarding how to mitigate the impacts of mass-scale cyberattacks better. 

Take-Aways

  • Cyber risks pose new, complex challenges to insurers, leaving companies vulnerable.
  • The cyber insurance industry is unregulated and insures high-risk clients.
  • Assigning blame for cyberattacks is challenging, as was evident after the 2011 Sony hack.

About the Author

Josephine Wolff is a Tufts University associate professor of cybersecurity policy and the author of You’ll See This Message When It Is Too Late: The Legal and Economic Aftermath of Cybersecurity Breaches.