Cyber-Risk Management: Technical and Insurance Controls for Enterprise-Level Security

Abstract

Traditional approaches to security architecture and design have attempted to achieve the goal of the elimination of risk factors — the complete prevention of system compromise through technical and procedural means. Insurance- based solutions to risk long ago admitted that a complete elimination of risk is impossible and, instead, have focused more on reducing the impact of harm through financial avenues, providing policies that indemnify the policy holder in the event of harm.