SECONDO: A Platform for Cybersecurity Investments and Cyber Insurance Decisions
Date Issued
September 14, 2020
Author(s)
Abstract
This paper represents the SECONDO framework to assist organizations with decisions related to cybersecurity investments and cyber-insurance. The platform supports cybersecurity and cyber-insurance decisions by implementing and integrating a number of software components. SECONDO operates in three distinct phases: (i) cyber-physical risk assessment and continuous monitoring; (ii) investment-driven optimized cyber-physical risk control; and (iii) blockchain-enabled cyber-insurance contract preparation and maintenance. Insurers can leverage SECONDO functionalities to actively participate in the management of cyber-physical risks of a shipping company to reduce their insured risk.