Perceptions of corporate cyber risks and insurance decision-making
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
<record>
<leader>00000cab a2200000 4500</leader>
<controlfield tag="001">MAP20180014680</controlfield>
<controlfield tag="003">MAP</controlfield>
<controlfield tag="005">20180525131629.0</controlfield>
<controlfield tag="008">180516e20180402esp|||p |0|||b|spa d</controlfield>
<datafield tag="040" ind1=" " ind2=" ">
<subfield code="a">MAP</subfield>
<subfield code="b">spa</subfield>
<subfield code="d">MAP</subfield>
</datafield>
<datafield tag="084" ind1=" " ind2=" ">
<subfield code="a">7</subfield>
</datafield>
<datafield tag="100" ind1=" " ind2=" ">
<subfield code="0">MAPA20180006913</subfield>
<subfield code="a">Smidt, Guido de</subfield>
</datafield>
<datafield tag="245" ind1="1" ind2="0">
<subfield code="a">Perceptions of corporate cyber risks and insurance decision-making</subfield>
<subfield code="c">Guido de Smidt, Wouter Botzen</subfield>
</datafield>
<datafield tag="520" ind1=" " ind2=" ">
<subfield code="a">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</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20160007633</subfield>
<subfield code="a">Ciberriesgos</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080602871</subfield>
<subfield code="a">Percepción del riesgo</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20140023066</subfield>
<subfield code="a">Ciberataques</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20170003779</subfield>
<subfield code="a">Seguro de ciberriesgos</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080550592</subfield>
<subfield code="a">Encuestas</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080596606</subfield>
<subfield code="a">Evolución del seguro</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20100017982</subfield>
<subfield code="a">Riesgos emergentes</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="4">
<subfield code="0">MAPA20080588434</subfield>
<subfield code="a">Toma de decisiones</subfield>
</datafield>
<datafield tag="700" ind1="1" ind2=" ">
<subfield code="0">MAPA20130007595</subfield>
<subfield code="a">Botzen, W. J. Wouter</subfield>
</datafield>
<datafield tag="773" ind1="0" ind2=" ">
<subfield code="w">MAP20077100215</subfield>
<subfield code="t">Geneva papers on risk and insurance : issues and practice</subfield>
<subfield code="d">Geneva : The Geneva Association, 1976-</subfield>
<subfield code="x">1018-5895</subfield>
<subfield code="g">02/04/2018 Volumen 43 Número 2 - abril 2018 , p. 239-274</subfield>
</datafield>
</record>
</collection>