Abstract

http://ssrn.com/abstract=1972307
 
 

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Should Your Firm Invest in Cyber Risk Insurance?


Scott Shackelford


Indiana University - Kelley School of Business - Department of Business Law; University of Cambridge - Department of Politics and International Studies; Stanford Law School

December 14, 2011

Business Horizons, 2012

Abstract:     
Firms have increasingly been turning to cyber risk insurance to better manage the cyber threat and any resulting legal liability from data breaches. But how useful is cyber risk insurance? This Article analyzes the impact of cyber attacks on firms, some of the applicable U.S. law shaping private sector responses to data breaches, and the extent to which cyber risk insurance helps to mitigate the cyber threat. Ultimately I argue that firms must take a proactive strategy to manage cyber attacks for their competitive well-being as well as to enhance overall cyber-security and help secure critical national infrastructure.

Number of Pages in PDF File: 20

Keywords: Cybersecurity, Internet, Cyber Risk Insurance, Cyber Attack, Data Breach, Cyber Law

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Date posted: December 15, 2011  

Suggested Citation

Shackelford, Scott, Should Your Firm Invest in Cyber Risk Insurance? (December 14, 2011). Business Horizons, 2012. Available at SSRN: http://ssrn.com/abstract=1972307

Contact Information

Scott J. Shackelford (Contact Author)
Indiana University - Kelley School of Business - Department of Business Law ( email )
Bloomington, IN 47405
United States

University of Cambridge - Department of Politics and International Studies ( email )
King's Parade
Cambridge, CB3 0DS
United Kingdom
Stanford Law School ( email )
Stanford, CA 94305
United States
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References:  53

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