Building resilience in cybersecurity: An artificial lab approach
- Based on classical contagion models we introduce an artificial cyber lab: the digital twin of a complex cyber system in which possible cyber resilience measures may be implemented and tested. Using the lab, in numerical case studies, we identify two classes of measures to control systemic cyber risks: security‐ and topology‐based interventions. We discuss the implications of our findings on selected real‐world cybersecurity measures currently applied in the insurance and regulation practice or under discussion for future cyberrisk control. To this end, we provide a brief overview of the current cybersecurity regulation and emphasize the role of insurance companies as private regulators. Moreover, from an insurance point of view, we provide first attempts to design systemic cyber risk obligations and to measure the systemic risk contribution of individual policyholders.
| Author: | Kerstin AwiszusORCiD, Yannick Bell, Jan Lüttringhaus, Gregor Svindland, Alexander Voß, Stefan Weber |
|---|---|
| URN: | urn:nbn:de:bsz:960-opus4-30090 |
| DOI: | https://doi.org/10.25968/opus-3009 |
| DOI original: | https://doi.org/10.1111/jori.12450 |
| ISSN: | 1539-6975 |
| Parent Title (English): | Journal of Risk and Insurance |
| Document Type: | Article |
| Language: | English |
| Year of Completion: | 2024 |
| Publishing Institution: | Hochschule Hannover |
| Release Date: | 2024/12/19 |
| Tag: | complex systems; complexity economics; cyber insurance; cyberresilience; cybersecurity; economics of networks; systemic cyberrisks |
| GND Keyword: | Komplexes System; Cyber-Versicherung; Computersicherheit; Resilienz |
| Volume: | 91 |
| Issue: | 3 |
| First Page: | 753 |
| Last Page: | 800 |
| Link to catalogue: | 1914513940 |
| Institutes: | Fakultät IV - Wirtschaft und Informatik |
| DDC classes: | 330 Wirtschaft |
| 004 Informatik | |
| Licence (German): |  Creative Commons - CC BY-NC - Namensnennung - Nicht kommerziell 4.0 International |
