{"product_id":"cyberinsurance-policy-isbn-9780262544184","title":"Cyberinsurance Policy","description":"\u003cb\u003eWhy cyberinsurance has not improved cybersecurity and what governments can do to make it a more effective tool for cyber risk management.\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003eAs cybersecurity incidents—ranging from data breaches and denial-of-service attacks to computer fraud and ransomware—become more common, a cyberinsurance industry has emerged to provide coverage for any resulting liability, business interruption, extortion payments, regulatory fines, or repairs. In this book, Josephine Wolff offers the first comprehensive history of cyberinsurance, from the early “Internet Security Liability” policies in the late 1990s to the expansive coverage offered today. Drawing on legal records, government reports, cyberinsurance policies, and interviews with regulators and insurers, Wolff finds that cyberinsurance has not improved cybersecurity or reduced cyber risks. \u003cbr\u003e \u003cbr\u003eWolff examines the development of cyberinsurance, comparing it to other insurance sectors, including car and flood insurance; explores legal disputes between insurers and policyholders about whether cyber-related losses were covered under policies designed for liability, crime, or property and casualty losses; and traces the trend toward standalone cyberinsurance policies and government efforts to regulate and promote the industry. Cyberinsurance, she argues, is ineffective at curbing cybersecurity losses because it normalizes the payment of online ransoms, whereas the goal of cybersecurity is the opposite—to disincentivize such payments to make ransomware less profitable. An industry built on modeling risk has found itself confronted by new technologies before the risks posed by those technologies can be fully understood.\u003cbr\u003e Series Editor's Introduction ix\u003cbr\u003eAcknowledgments xiii\u003cbr\u003e1 Introduction: A Market-Driven Approach to Cybersecurity 1\u003cbr\u003eI HISTORY OF CYBERINSURANCE\u003cbr\u003e2 Breach on the Beach: Origins of Cyberinsurance 27\u003cbr\u003eII CYBERSECURITY CLAIMS UNDER NON-CYBER COVERAGE\u003cbr\u003e3 \"The Hackers Did This\": Data Breach Lawsuits and Commercial General Liability Insurance 65\u003cbr\u003e4 \"The Point of No Return\": Computer Fraud Insurance and Defining Cybercrime 87\u003cbr\u003e5 \"Insurrection, Rebellion, Revolution, Riot\": NotPetya, Property Insurance, and War Exclusions 111\u003cbr\u003eIII CYBER COVERAGE AND REGULATION\u003cbr\u003e6 \"The Big Kahuna\": Stand-Alone Cyber Coverage 153\u003cbr\u003e7 \"What Is the Point of Collecting Data?\": Global Growth of Cyberinsurance and the Role of Policymakers 181\u003cbr\u003e8 Conclusion: Is Cyber Risk Different? 215\u003cbr\u003eNotes 227\u003cbr\u003eReferences 249\u003cbr\u003eIndex 265\"Cyberinsurance Policy is relevant and readable; recommended for everyone worried about the future of cyber risks—and how we can do a better job protecting ourselves against them.\"                 \u003cbr\u003e\u003cb\u003e—Bruce Schneier, author of \u003ci\u003eData and Goliath\u003c\/i\u003e and \u003ci\u003eClick Here to Kill Everybody\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“Wolff portrays the history of cyberinsurance, and indeed the history of quantified risk itself, as a fascinating interplay of famous catastrophes and their ensuing negotiated payouts. An engaging and timely book.”\u003cbr\u003e\u003cb\u003e—Cathy O’Neil, author of \u003ci\u003eThe Shame Machine\u003c\/i\u003e and \u003ci\u003eWeapons of Math Destruction\u003c\/i\u003e\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“In this single book, Josephine Wolff delivers a tremendous amount of insight into the evolution of cyber insurance. It will be a fascinating read for anyone interested in this topic.”\u003cbr\u003e\u003cb\u003e—Sasha Romanosky, Senior Cybersecurity Researcher, RAND Corporation\u003c\/b\u003e\u003cbr\u003e \u003cbr\u003e“A rip-roaring exposé of the incentives in information security that leave consumers unprotected, governments clueless, and scammers richer. A must-read for CEOs and students of risk.”  \u003cbr\u003e\u003cb\u003e—Tarah Wheeler; Cyber Project Fellow, Belfer Center for Science and International Affairs, Harvard Kennedy School; author of \u003ci\u003eWomen in Tech\u003c\/i\u003e\u003c\/b\u003eJosephine Wolff is Associate Professor of Cybersecurity Policy at the Fletcher School of Law and Diplomacy at Tufts University and the author of \u003ci\u003eYou'll See This Message When It Is Too Late: The Legal and Economic Aftermath of Cybersecurity Breaches\u003c\/i\u003e (MIT Press). Her writing on cybersecurity has appeared in the \u003ci\u003eNew York Times\u003c\/i\u003e, the \u003ci\u003eWashington Post\u003c\/i\u003e, \u003ci\u003eWired\u003c\/i\u003e, and \u003ci\u003eSlate\u003c\/i\u003e.\u003cbr\u003e ","brand":"The MIT Press","offers":[{"title":"Default Title","offer_id":46305243398373,"sku":"NP9780262544184","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780262544184.jpg?v=1767724396","url":"https:\/\/k12savings.com\/products\/cyberinsurance-policy-isbn-9780262544184","provider":"K12savings","version":"1.0","type":"link"}