Optimisation of cyber insurance coverage with selection of cost effective security controls

Nowadays, cyber threats are considered among the most dangerous risks by topmanagement of enterprises. One way to deal with these risks is to insure them,but cyber insurance is still quite expensive. The insurance fee can be reduced iforganisations improve their cyber security protection, i.e., reducing the insuredrisk. In other words, organisations need an investment strategy to decide theoptimal amount of investments into cyber insurance and self-protection.