Perceptions of corporate cyber risks and insurance decision-making

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<rdf:Description>
<dc:creator>Smidt, Guido de</dc:creator>
<dc:creator>Botzen, W. J. Wouter</dc:creator>
<dc:date>2018-04-02</dc:date>
<dc:description xml:lang="es">Sumario: This study provides an analysis of individual perceptions of cyber risks amongst professional decision makers. Data are collected using a survey of corporate professionals who are engaged in risk and insurance decision-making in various functional roles mainly in large companies. The study focuses on the perceived probability as well as the anticipated financial impact of cyber risks. Behavioural factorsthe availability heuristic, threshold level of concern, degree of worry and trust in one's own organisation's capabilitiesare found to have significant influences on the perceived probability and impact of cyberattacks. The probability of a successful cyberattack is overestimated, and the financial impact is underestimated. Given the high perceived expected value of cyberattack losses relative to the costs of cyber risk insurance, it appears that professional decision makers deviate from the expected value-based decision-making by being reluctant to insure for cyber risk</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/164422.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Ciberriesgos</dc:subject>
<dc:subject xml:lang="es">Percepción del riesgo</dc:subject>
<dc:subject xml:lang="es">Ciberataques</dc:subject>
<dc:subject xml:lang="es">Seguro de ciberriesgos</dc:subject>
<dc:subject xml:lang="es">Encuestas</dc:subject>
<dc:subject xml:lang="es">Evolución del seguro</dc:subject>
<dc:subject xml:lang="es">Riesgos emergentes</dc:subject>
<dc:subject xml:lang="es">Toma de decisiones</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Perceptions of corporate cyber risks and insurance decision-making</dc:title>
<dc:relation xml:lang="es">En: Geneva papers on risk and insurance : issues and practice. - Geneva : The Geneva Association, 1976- = ISSN 1018-5895. - 02/04/2018 Volumen 43 Número 2 - abril 2018 , p. 239-274</dc:relation>
</rdf:Description>
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