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This module delves into cyber insurance as a risk management tool that provides businesses with financial protection against cyber incidents. It covers the types of risks covered by cyber insurance, the process of assessing and pricing cyber insurance policies, and the role of insurance in overall cybersecurity strategy.

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Bogomolniy, Oleg. “Cyber Insurance Conundrum: Using CIS Critical Security Controls for Underwriting Cyber Risk.” SANS Institute, 2021, 32.

https://www.sans.org/white-papers/37572/

Kochman, Ben. “Insurers Set Limits On Risky Sectors Amid Cybercrime Spike.” Law 360, May 21, 2021.

https://www.law360.com/articles/1387175/insurers-set-limits-on-risky-sectors-amid-cybercrime-spike

Rice, Shawn. “Pipeline Ransomware Attack Could Raise Cyber Insurance Bar.” Law360, May 14, 2021.

https://www.law360.com/articles/1384435/pipeline-ransomware-attack-could-raise-cyber-insurance-bar

Sistrunk, Jeff. “The State Of Cyber Coverage Law: 4 Key Decisions.” Law360, April 19, 2016.

https://www.law360.com/articles/786246/the-state-of-cyber-coverage-law-4-key-decisions

U.S. Government Accountability Office. “Rising Cyberthreats Increase Cyber Insurance Premiums While Reducing Availability,” July 19, 2022.

https://www.gao.gov/blog/rising-cyberthreats-increase-cyber-insurance-premiums-while-reducing-availability

Johansmeyer, Tom. “The Cyber Insurance Market Needs More Money.” Harvard Business Review, March 10, 2022.

https://hbr.org/2022/03/the-cyber-insurance-market-needs-more-money

Bentz, Thomas H. Jr. “Cyber Insurance Gone Wrong: Insurance Mistakes That Have Cost Risk Managers Their Jobs.” Holland and Knight, PLI Current, The Journal of PLI Press 2, no. 2 (2018): 269–77.

https://www.hklaw.com/en/insights/publications/2018/05/cyber-insurance-gone-wrong-insurance-mistakes-that

S. Al-Shibib, Luma, and James A. Goodridge. “A Review of Cyber Coverage Decisions From 2022: A Policyholder’s Perspective.” New York Law Journal 269, no. 17 (January 26, 2023): 3.

https://andersonkill.com/article/a-review-of-cyber-coverage-decisions-from-2022-a-policyholders-perspective/

Tsohou, Aggeliki, Vasiliki Diamantopoulou, Stefanos Gritzalis, and Costas Lambrinoudakis. “Cyber Insurance: State of the Art, Trends and Future Directions.” International Journal of Information Security 22, no. 3 (2023): 737–48.

https://doi.org/10.1007/s10207-023-00660-8