Studies from National Research Council (CNR) Yield New Information about Security Research (Optimisation of Cyber Insurance Coverage With Selection of Cost Effective Security Controls)

2021 FEB 25 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- A new study on Security Research is now available. According to news originating from Pisa, Italy, by NewsRx correspondents, research stated, “Nowadays, cyber threats are considered among the most dangerous risks by top management of enterprises. One way to deal with these risks is to insure them, but cyber insurance is still quite expensive.”

Funders for this research include project H2020 MSCA NeCS, project H2020 MSCA CyberSure, project H2020 SPARTA, project H2020 CyberSec4Europe.

Our news journalists obtained a quote from the research from National Research Council (CNR), “The insurance fee can be reduced if organisations improve their cyber security protection, i.e., reducing the insured risk. In other words, organisations need an investment strategy to decide the optimal amount of investments into cyber insurance and self-protection. In this work, we propose an approach to help a risk-averse organisation to distribute its cyber security investments in a cost-efficient way. What makes our approach unique is that next to defining the amount of investments in cyber insurance and self-protection, our proposal also explicitly defines how these investments should be spent by selecting the most cost-efficient security controls.”

According to the news editors, the research concluded: “Moreover, we provide an exact algorithm for the control selection problem considering several threats at the same time and compare this algorithm with other approximate algorithmic solutions.”

This research has been peer-reviewed.

For more information on this research see: Optimisation of Cyber Insurance Coverage With Selection of Cost Effective Security Controls. Computers & Security, 2021;101. Computers & Security can be contacted at: Elsevier Advanced Technology, Oxford Fulfillment Centre The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, Oxon, England. (Elsevier - www.elsevier.com; Computers & Security - http://www.journals.elsevier.com/computers-and-security/)

The news correspondents report that additional information may be obtained from Ganbayar Uuganbayar, National Research Council (CNR), Ist Informat & Telemat, Pisa, Italy. Additional authors for this research include Artsiom Yautsiukhin, Fabio Martinelli and Fabio Massacci.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.cose.2020.102121. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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