Modeling the impact of selected cyber threats on the organization’s parameters in the framework of cyber risk insurance

Abstract

Many small and medium-sized organizations face very frequent attacks on their information systems and valuable assets. One of the ways to face and prevent the occurrence of damage from these undesirable events is to insure information systems against cyber-risk. This paper presents the possibilities of modeling the impact of cyber threats on selected organizational parameters. The main results, which are based on the interaction of cyber threats and identified parameters, can then be intercepted in the context of cyber-risk insurance. The main findings can be used as a platform for setting optimal insurance coverage for the organization. © 2018, World Scientific and Engineering Academy and Society. All rights reserved.