Role of сyber insurance in managing digital risk

Abstract

Information and communication technologies in mass ensuring information security due to paperless automated management is becoming more complex and important. That’s why it’s automated a new modern technology of information protection has appeared in information systems is happening. Owners of information and authorized state bodies value personal information, caused by its loss and the cost of the protection mechanism the necessary level of information protection and the type of system, protection it is necessary to determine methods and means. Value of information and required the reliability of protection is directly related to each other. In this article, we will research cyber insurance, why cyber insurance important, how cyber insurance work, who is cyber insurance important to, how to choose cyber liability insurance. Apart from that, we analyze the strengths and weaknesses of cyber security insurance.