DocumentCode :
3326486
Title :
E-Risk Management through Self Insurance: An Option Model
Author :
Mukhopadhyay, Arunabha ; Binay Bhushan Chakrabarti ; Saha, Debashis ; Mahanti, Ambuj
Author_Institution :
Inst. of Manage., Calcutta
fYear :
2007
fDate :
Jan. 2007
Abstract :
E-business organizations are under constant threat of their business being disrupted by hackers, viruses and a host of malicious attackers. This would lead to loses to the tune of millions. To ensure self-protection, they spend millions of dollars on firewalls, anti-virus, intrusion detection systems, digital signature and encryption. Nonetheless, a new virus or a clever hacker can easily compromise these deterrents. Organizations should resort to self e-risk insurance as a supplementary mechanism to reduce these individual financial losses. In this paper we propose two option modes for self- e-risk insurance, for hedging e-risk. The first is an exchange traded model, comprising of a long asset, long put and short call. The second is an over the counter model using a long call
Keywords :
business data processing; insurance data processing; risk management; security of data; digital signature; e-business organization; e-risk management; e-risk self insurance; encryption; intrusion detection system; Computer crime; Computer hacking; Conference management; Data security; Hardware; Insurance; Internet; Intrusion detection; Network servers; USA Councils; e-commerce; e-risk; option model; security breach; self-insurance.;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
System Sciences, 2007. HICSS 2007. 40th Annual Hawaii International Conference on
Conference_Location :
Waikoloa, HI
ISSN :
1530-1605
Electronic_ISBN :
1530-1605
Type :
conf
DOI :
10.1109/HICSS.2007.192
Filename :
4076698
Link To Document :
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