This study analyzes ransomware negotiations through a social psychological lens, identifying three phases and distinct negotiation strategies. It offers practical insights for organizations to enhance resilience by understanding threat actor tactics and tailoring response protocols for effective negotiation.
This study analyzes financial risk management in digital-only banking using quantitative methods. Phishing (35%) and ransomware (20%) cause major financial losses. Basel III compliance reduces fraud risks, while AI-driven fraud monitoring has inefficiencies. Regulatory enforcement improves fraud prevention by 1.90%, highlighting the need for stronger cybersecurity and regulatory measures.
Examines the relationship between #crime and #insurance, with a focus on the role of #governance, #riskassessment and #riskmanagement, #crimeprevention, #securitytechnology, #behavioraleconomics, #theft, #kidnap and #hijack for ransom, #fraud, and #ransomware. It analyzes five case studies to identify a co-evolutionary process in which #insurers collaborate with insureds, governments, and #thirdparty to #mitigaterisk, particularly when criminal innovations destabilize the #insurancemarket.
"This paper analyzes how governments support insurance markets to maintain insurability and limit risks to society. We propose a new conceptual framework grouping government interventions into three dimensions: regulation of risky activity, public investment in risk reduction, and co-insurance."
"We propose a new conceptual framework grouping government interventions into three dimensions: regulation of risky activity, public investment in risk reduction, and co-insurance."
"As businesses improved their resilience, cybercriminals adapted and ransoms escalated, calling insurability into question. Yet there remains little appetite for imposing restrictive conditionality in this highly competitive market. Instead, insurers have turned to governments to contain criminal threats and cushion catastrophic losses."
"Companies and law firms must have adequate insurance coverage to fill gaps and to meet company insurance objectives."