Analyzing and Supporting the Development of the Cyber-insurance Market as a Market-Based Solution for Cyber Resiliency Project

PI: Jay Kesan, University of Illinois at Urbana-Champaign 

Co-PIs: David Nicol, University of Illinois at Urbana-Champaign, Sachin Shetty, Tennessee State University

This project applies methodologies for assessing cyber-risk to the area of cyberinsurance, to understand the business case for offering insurance for cyber events. It will define a resulting set of initiatives and prescriptions to facilitate expansion of a cyber-insurance market. It will develop a database of court cases involving cyber-insurance.