Why IT Managers Don't Go for Cyber-Insurance Products.

The authors discuss why there has been little growth in the cyber-insurance market. Cyber-insurance contracts are offered to corporations to minimize liability and costs in theft of data or damage of data. The article mentions the difference between the structure of a cyber-insurance contract and it...

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Detalles Bibliográficos
Publicado en:Communications of the ACM Vol. 52; no. 11; pp. 68 - 74
Autores principales: BANDYOPADHYAY, TRIDIB, MOOKERJEE, VIJAY S., RAO, RAM C.
Formato: Artículo
Publicado: Association for Computing Machinery Nov2009
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Why IT Managers Don't Go for Cyber-Insurance Products.
      aug:
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          BANDYOPADHYAY, TRIDIB
          MOOKERJEE, VIJAY S.
          RAO, RAM C.
        affil:
          Assistant professor, Department of Computer Science and Information Systems, Kennesaw State University, Kennesaw, GA.
          Charles and Nancy Davidson Distinguished Professor of Information Systems and Operations Management, School of Management, University of Texas, Dallas.
          Founders Professor and professor of marketing, School of Management, University of Texas, Dallas.
      su:
        Business insurance policies
        Computer insurance
        Information asymmetry
        Information storage & retrieval systems -- Corporations -- Security measures
        Computer system failures
        Risk (Insurance)
      sug:
        subj:
          Business insurance policies
          Computer insurance
          Information asymmetry
          Information storage & retrieval systems -- Corporations -- Security measures
          Computer system failures
          Risk (Insurance)
      ab: The authors discuss why there has been little growth in the cyber-insurance market. Cyber-insurance contracts are offered to corporations to minimize liability and costs in theft of data or damage of data. The article mentions the difference between the structure of a cyber-insurance contract and its use by information technology managers, including off-contract behavior. The resulting information asymmetry between customers and providers causing inefficiency for which customers pay. Lack of claim data, the relatively small size of the market and overpricing are mentioned as well as the author's belief that the structural market difficulties could be resolved if secondary loss were included in contracts.
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      src: R
    language: English
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