The purpose of this research is to compare the relative insurance protection of certain tangible1 versus intangible2 assets. How do cyber asset values and potential losses compare to tangible asset values and potential losses from an organization’s other perils, such as fires and weather?
1. Property, Plant & Equipment (“PP&E”)
2. Computer systems and related digital assets. Most other cyber incident studies include damage estimates of subjective intangible assets that are difficult to quantify and almost impossible to insure, such as brand and reputation. Furthermore, the value of trade secrets and patent infringement are typically excluded from cyber insurance, although there are new models being developed to quantify intangible intellectual property values, which could eventual lead to viable insurance in the near future.