A cyber backstop is unnecessary because firms conduct online activity regardless of whether insurance is available. Worryingly, a backstop could undermine insurers in incentivizing improved cybersecurity.
Daniel Woods is a Postdoctoral Fellow at the University of Innsbruck in Austria. He researches the economics of security and privacy focusing on cyber insurance, quantifying cyber risk, and privacy preference signals. He received his PhD from the Department of Computer Science at the University of Oxford.
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Do the Legal Rules Governing the Confidentiality of Cyber Incident Response Undermine Cybersecurity?
It’s not entirely clear to what extent law firms’ emphasis on protecting attorney-client privilege and work product immunity alters the course of data privacy investigations.