Dependability metrics
Cyber-risk decision models: To insure IT or not?
Decision Support Systems
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New kinds of risks increasingly threaten electronic commerce. The traditional instrument for risk transfer is insurance. Research is needed to determine whether new Internet risks are insurable. In this article, starting with damage scenarios and damage dimensions, Internet risks are classified and their properties are evaluated by means of decision-oriented insurability criteria. The definition of basic goal-oriented risk sees risk as a violation of the technical protection goals of the multilateral security concept (confidentiality, integrity, availability, accountability). These technical security risks, which form the foundation for further economic and social risks, are being further examined. On the basis of the protection goals of multilateral security, existing insurance offers are analysed and statements regarding the insurability of potential violation of individual protection goals are made. The article works out problems resulting from insurability and shows solution approaches regarding the insurability.