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CyberInsurance for cybersecurity a topological take on modulating insurance premiums

Authors:

Ranjan Pal,

Pan HuiAuthors Info & Claims

ACM SIGMETRICS Performance Evaluation Review, Volume 40, Issue 3

Pages 86 - 88

https://doi.org/10.1145/2425248.2425271

Published: 04 January 2012 Publication History

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Abstract

A recent conjecture in cyber-insurance research states that for compulsory monopolistic insurance scenarios, charging fines and rebates on fair premiums will incentivize networkusers to invest in self-defense investments, thereby making cyber-space more robust. Assuming the validity of the conjecture in this paper, we adopt a topological perspective in proposing a mechanism that accounts for (i) the positive externalities posed (through self-defense investments) by network users on their peers, and (ii) network location (based on centrality measures) of users, and provides an appropriate way to proportionally allocate fines/rebates on user premiums. We mathematically justify (via a game-theoretic analysis) that optimal fine/rebates per user should be allocated in proportion to the Bonacich or eigenvector centrality value of the user.

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Nobanee HAlodat ADilshad MEl Sayah AAlas’ad SAl Shalabi BAlsadi SAl Marri NFiza F(2023)Mapping cyber insurance: a taxonomical study using bibliometric visualization and systematic analysisGlobal Knowledge, Memory and Communication10.1108/GKMC-03-2023-0082Online publication date: 16-Jun-2023
https://doi.org/10.1108/GKMC-03-2023-0082
Li JNiyato DHong CPark KWang LHan Z(2020)A Contract-Theoretic Cyber Insurance for Withdraw Delay in the Blockchain Networks with ShardsICC 2020 - 2020 IEEE International Conference on Communications (ICC)10.1109/ICC40277.2020.9149437(1-7)Online publication date: Jun-2020
https://doi.org/10.1109/ICC40277.2020.9149437
Pal RGolubchik LPsounis KHui P(2019)Security Pricing as Enabler of Cyber-Insurance A First Look at Differentiated Pricing MarketsIEEE Transactions on Dependable and Secure Computing10.1109/TDSC.2017.268480116:2(358-372)Online publication date: 1-Mar-2019
https://doi.org/10.1109/TDSC.2017.2684801
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CyberInsurance for cybersecurity a topological take on modulating insurance premiums

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cover image ACM SIGMETRICS Performance Evaluation Review

ACM SIGMETRICS Performance Evaluation Review Volume 40, Issue 3

December 2012

108 pages

ISSN:0163-5999

DOI:10.1145/2425248

Issue’s Table of Contents

Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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Association for Computing Machinery

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Published: 04 January 2012

Published in SIGMETRICS Volume 40, Issue 3

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Nobanee HAlodat ADilshad MEl Sayah AAlas’ad SAl Shalabi BAlsadi SAl Marri NFiza F(2023)Mapping cyber insurance: a taxonomical study using bibliometric visualization and systematic analysisGlobal Knowledge, Memory and Communication10.1108/GKMC-03-2023-0082Online publication date: 16-Jun-2023
https://doi.org/10.1108/GKMC-03-2023-0082
Li JNiyato DHong CPark KWang LHan Z(2020)A Contract-Theoretic Cyber Insurance for Withdraw Delay in the Blockchain Networks with ShardsICC 2020 - 2020 IEEE International Conference on Communications (ICC)10.1109/ICC40277.2020.9149437(1-7)Online publication date: Jun-2020
https://doi.org/10.1109/ICC40277.2020.9149437
Pal RGolubchik LPsounis KHui P(2019)Security Pricing as Enabler of Cyber-Insurance A First Look at Differentiated Pricing MarketsIEEE Transactions on Dependable and Secure Computing10.1109/TDSC.2017.268480116:2(358-372)Online publication date: 1-Mar-2019
https://doi.org/10.1109/TDSC.2017.2684801
Byrd R(2018)CybersecurityJournal of Computing Sciences in Colleges10.5555/3199572.319958033:4(53-59)Online publication date: 1-Apr-2018
https://dl.acm.org/doi/10.5555/3199572.3199580
Pal RGolubchik LPsounis KHui P(2018)Improving Cyber-Security via Profitable Insurance MarketsACM SIGMETRICS Performance Evaluation Review10.1145/3273996.327399945:4(7-15)Online publication date: 28-Aug-2018
https://dl.acm.org/doi/10.1145/3273996.3273999
Do CTran NHong CKamhoua CKwiat KBlasch ERen SPissinou NIyengar S(2017)Game Theory for Cyber Security and PrivacyACM Computing Surveys10.1145/305726850:2(1-37)Online publication date: 10-May-2017
https://dl.acm.org/doi/10.1145/3057268
Marotta AMartinelli FNanni SOrlando AYautsiukhin A(2017)Cyber-insurance surveyComputer Science Review10.1016/j.cosrev.2017.01.00124(35-61)Online publication date: May-2017
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Gai KQiu MElnagdy S(2016)A Novel Secure Big Data Cyber Incident Analytics Framework for Cloud-Based Cybersecurity Insurance2016 IEEE 2nd International Conference on Big Data Security on Cloud (BigDataSecurity), IEEE International Conference on High Performance and Smart Computing (HPSC), and IEEE International Conference on Intelligent Data and Security (IDS)10.1109/BigDataSecurity-HPSC-IDS.2016.65(171-176)Online publication date: Apr-2016
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Gai KQiu MHassan H(2016)Secure cyber incident analytics framework using Monte Carlo simulations for financial cybersecurity insurance in cloud computingConcurrency and Computation: Practice and Experience10.1002/cpe.385629:7Online publication date: 27-May-2016
https://doi.org/10.1002/cpe.3856

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