Choosing protection: User investments in security measures for cyber risk management

• Main Authors: YAAKOV, Yoav Ben, WANG, Xinrun, MEYER, Joachim, AN, Bo
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Cyber insurance; Cybersecurity; Decision making; Information Security
• Online Access: https://ink.library.smu.edu.sg/sis_research/9150; https://ink.library.smu.edu.sg/context/sis_research/article/10153/viewcontent/GAMESEC19_Human_pv.pdf
• Institution: Singapore Management University

Firewalls, Intrusion Detection Systems (IDS), and cyber-insurance are widely used to protect against cyber-attacks and their consequences. The optimal investment in each of these security measures depends on the likelihood of threats and the severity of the damage they cause, on the user’s ability t...