Xinlong Yin

TL;DR: In this paper, a game-theoretic analysis was conducted to investigate whether an ecosystem comprising a set of profit-minded cyber-insurance companies, each capable of providing reinsurance services for a service-networked IT environment, is economically feasible to cover aggregate cyber-losses arising due to a cyber-attack.

TL;DR: A rigorous general theory to elicit conditions on (tail-dependent) heavy-tailed cyber-risk distributions under which a risk management firm might find it (non)sustainable to provide aggregate cyber- risk coverage services for smart societies is provided and a real-data-driven numerical study is provided to validate claims made in theory assuming boundedly rational cyber- Risk managers.

TL;DR: In this paper, a rigorous general theory to elicit conditions on (tail-dependent) heavy-tailed cyber risk distributions under which a risk management firm might find it (non)sustainable to provide aggregate cyber-risk coverage services for smart societies is provided.

TL;DR: In this paper, the authors of Aggregate Cyber-Risk Management in the IoT Age: Cautionary Statistics for (Re)Insurers and Likes, published in the IEEE IoT Journal, regret that we have found a few errors in the numerical evaluation setup of the works in [1] and [2] that we had borrowed for our accepted paper.

TL;DR: In this article, the authors analyze whether traditional cyber-risk spreading is a sustainable risk management practice and under what conditions, for the quite conservative scenario when proportions of i.i.d. catastrophic cyber-risks of a significant heavy-tailed nature are aggregated by a cyber risk manager.