Dynamic Assessment of Cyber Threats in the Field of Insurance

The area of digital technologies is currently the subject of many cyber threats, the frequency of which is increasing. One of the areas of cyber security is also the creation of models and estimates of the process of cyber threats and their possible financial impacts. However, some studies show that...

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Main Authors: Lukáš Pavlík, Martin Ficek, Jakub Rak
Format: Article
Language:English
Published: MDPI AG 2022-11-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/10/12/222
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author Lukáš Pavlík
Martin Ficek
Jakub Rak
author_facet Lukáš Pavlík
Martin Ficek
Jakub Rak
author_sort Lukáš Pavlík
collection DOAJ
description The area of digital technologies is currently the subject of many cyber threats, the frequency of which is increasing. One of the areas of cyber security is also the creation of models and estimates of the process of cyber threats and their possible financial impacts. However, some studies show that cyber-threat assessment to identify potential financial impacts for organizations is a very challenging process. A relatively large problem here is the detection of scenarios of cyber threats and their expression in time. This paper focuses on the design of an algorithm that can be applied to the field of cyber-threat assessment in order to express the financial impacts. The study is based on an in-depth analysis of the insurance industry. The results obtained in our research show the importance of the time perspective for determining the potential financial impacts of cyber threats for the field of insurance.
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spelling doaj.art-0eba89ad0c96447faab1eddcd9f6cb3a2023-11-24T17:49:51ZengMDPI AGRisks2227-90912022-11-01101222210.3390/risks10120222Dynamic Assessment of Cyber Threats in the Field of InsuranceLukáš Pavlík0Martin Ficek1Jakub Rak2Department of Civil Protection, Tomas Bata University in Zlin, Studentské nám. 1532, Mařatice, 686 01 Uherské Hradiště, Czech RepublicDepartment of Civil Protection, Tomas Bata University in Zlin, Studentské nám. 1532, Mařatice, 686 01 Uherské Hradiště, Czech RepublicDepartment of Civil Protection, Tomas Bata University in Zlin, Studentské nám. 1532, Mařatice, 686 01 Uherské Hradiště, Czech RepublicThe area of digital technologies is currently the subject of many cyber threats, the frequency of which is increasing. One of the areas of cyber security is also the creation of models and estimates of the process of cyber threats and their possible financial impacts. However, some studies show that cyber-threat assessment to identify potential financial impacts for organizations is a very challenging process. A relatively large problem here is the detection of scenarios of cyber threats and their expression in time. This paper focuses on the design of an algorithm that can be applied to the field of cyber-threat assessment in order to express the financial impacts. The study is based on an in-depth analysis of the insurance industry. The results obtained in our research show the importance of the time perspective for determining the potential financial impacts of cyber threats for the field of insurance.https://www.mdpi.com/2227-9091/10/12/222cyber threatriskinsuranceimpactfinancial damageinformation system
spellingShingle Lukáš Pavlík
Martin Ficek
Jakub Rak
Dynamic Assessment of Cyber Threats in the Field of Insurance
Risks
cyber threat
risk
insurance
impact
financial damage
information system
title Dynamic Assessment of Cyber Threats in the Field of Insurance
title_full Dynamic Assessment of Cyber Threats in the Field of Insurance
title_fullStr Dynamic Assessment of Cyber Threats in the Field of Insurance
title_full_unstemmed Dynamic Assessment of Cyber Threats in the Field of Insurance
title_short Dynamic Assessment of Cyber Threats in the Field of Insurance
title_sort dynamic assessment of cyber threats in the field of insurance
topic cyber threat
risk
insurance
impact
financial damage
information system
url https://www.mdpi.com/2227-9091/10/12/222
work_keys_str_mv AT lukaspavlik dynamicassessmentofcyberthreatsinthefieldofinsurance
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