RE: Lloyds to offer hacker insurance

From: Todd Radermacher (Todd.Radermacherat_private)
Date: Wed Apr 29 1998 - 15:13:12 PDT

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    On Wednesday, April 29, 1998 7:36 AM, Kevin Tyrrell 
    [SMTP:tyrrellat_private] wrote:
    > all at once. I don't see how Lloyds can calculate the odds of loss
    > from an exposure they don't even know exists. At least we're pretty 
    sure we
    > won't see a bunch of mobile homes destroyed by volcanoes erupting in 
    Tampa.
    
    Never underestimate statistics!   ;-)
    
    What we are really talking about here is a lack of actuarial data in 
    regards to
    computer security (break-in stats).  What we are lacking is the data 
    that says
    "if you employ security technique X - your risk of breach is Y".
    
    By evaluating the "secureness" factor (y) of many networks and 
    recording the
    incidence of breach, the statisticians should be able to determine the
    appropriate premium to charge that will produce a profit for the 
    insuring agency.
    
    
    					--tr
    
      
    



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