Josephine Wolff

Cyberinsurance Policy (eBook, ePUB)

Rethinking Risk in an Age of Ransomware, Computer Fraud, Data Breaches, and Cyberattacks

• Format: ePub

Produktbeschreibung

Why cyberinsurance has not improved cybersecurity and what governments can do to make it a more effective tool for cyber risk management. As cybersecurity incidents-ranging from data breaches and denial-of-service attacks to computer fraud and ransomware-become more common, a cyberinsurance industry has emerged to provide coverage for any resulting liability, business interruption, extortion payments, regulatory fines, or repairs. In this book, Josephine Wolff offers the first comprehensive history of cyberinsurance, from the early "Internet Security Liability" policies in the late 1990s to the expansive coverage offered today. Drawing on legal records, government reports, cyberinsurance policies, and interviews with regulators and insurers, Wolff finds that cyberinsurance has not improved cybersecurity or reduced cyber risks. Wolff examines the development of cyberinsurance, comparing it to other insurance sectors, including car and flood insurance; explores legal disputes between insurers and policyholders about whether cyber-related losses were covered under policies designed for liability, crime, or property and casualty losses; and traces the trend toward standalone cyberinsurance policies and government efforts to regulate and promote the industry. Cyberinsurance, she argues, is ineffective at curbing cybersecurity losses because it normalizes the payment of online ransoms, whereas the goal of cybersecurity is the opposite-to disincentivize such payments to make ransomware less profitable. An industry built on modeling risk has found itself confronted by new technologies before the risks posed by those technologies can be fully understood.

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Produktdetails

• Verlag: MIT Press
• Seitenzahl: 296
• Erscheinungstermin: 30. August 2022
• Englisch
• ISBN-13: 9780262370769
• Artikelnr.: 63068476

Autorenporträt

Josephine Wolff is Associate Professor of Cybersecurity Policy at the Fletcher School of Law and Diplomacy at Tufts University and the author of You'll See This Message When It Is Too Late: The Legal and Economic Aftermath of Cybersecurity Breaches (MIT Press). Her writing on cybersecurity has appeared in the New York Times, the Washington Post, Wired, and Slate.

Inhaltsangabe

Series Editor's Introduction ix
Acknowledgments xiii
1 Introduction: A Market-Driven Approach to Cybersecurity 1
I HISTORY OF CYBERINSURANCE
2 Breach on the Beach: Origins of Cyberinsurance 27
II CYBERSECURITY CLAIMS UNDER NON-CYBER COVERAGE
3 "The Hackers Did This": Data Breach Lawsuits and Commercial General
Liability Insurance 65
4 "The Point of No Return": Computer Fraud Insurance and Defining
Cybercrime 87
5 "Insurrection, Rebellion, Revolution, Riot": NotPetya, Property
Insurance, and War Exclusions 111
III CYBER COVERAGE AND REGULATION
6 "The Big Kahuna": Stand-Alone Cyber Coverage 153
7 "What Is the Point of Collecting Data?": Global Growth of Cyberinsurance
and the Role of Policymakers 181
8 Conclusion: Is Cyber Risk Different? 215
Notes 227
References 249
Index 265