CYBECO organised a session on Cybersecurity and Cyber-Insurance in the EURO2018 European Conference on Operational Research which took place in Valencia between 8 and 11 July, 2018. Jose Vila from DEVSTAT chaired the session. The CYBECO team presented the paper "Nudging optimal cyber-insurance strategies" which is based on the work conducted in the project.
Dr. Katsiaryna Labunets (TU-DELFT, CYBECO team) participated in the Amsterdam Centre for Insurance Studies (ACIS) symposium at the University of Amsterdam, with the speech "Cyber risk and insurance". The symposium attracted about 60 participants mostly insurers, master students, intermediaries and policy makers.
The 2nd Plenary Meeting of CYBECO took place in Valencia, on October 5 and 6, 2017. The purpose of the meeting was to assess the progress in the implementation of the project focusing mostly on the modelling framework, the cyber-insurance use-cases, the methodology for the development of the CYBECO toolbox and the design of the behavioural experiments.
The CYBECO project has been launched on May 1st, 2017 with the aim to facilitate the actual take off of cyber-insurance which can fulfil a key role in the economics of cybersecurity, on one hand by keeping risk manageable for the insured companies by transferring it, while at the same time providing incentives for improving security and, thereby, reducing overall risk.