Researchers from Tomas Bata University in Zlin Provide Details of New Studies and Findings in the Area of Risk Management (Dynamic Assessment of Cyber Threats in the Field of Insurance): Insurance – Risk Management

2023 JAN 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on risk management have been presented. According to news reporting out of Tomas Bata University in Zlin by NewsRx editors, research stated, “The area of digital technologies is currently the subject of many cyber threats, the frequency of which is increasing.”

Our news reporters obtained a quote from the research from Tomas Bata University in Zlin: “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.”

According to the news editors, the research concluded: “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.”

For more information on this research see: Dynamic Assessment of Cyber Threats in the Field of Insurance. Risks, 2022,10(222):222. (Risks - http://www.mdpi.com/journal/risks). The publisher for Risks is MDPI AG.

A free version of this journal article is available at https://doi.org/10.3390/risks10120222.

Our news journalists report that more information may be obtained by contacting Lukas Pavlik, Department of Civil Protection, Tomas Bata University in Zlin, Studentske nam. 1532, Maratice, 686 01 Uherske Hradiste, Czech Republic. Additional authors for this research include Martin Ficek, Jakub Rak.

(Our reports deliver fact-based news of research and discoveries from around the world.)