INSURANCE AS A TOOL TO LIMIT CORPORATE FINANCIAL LOSSES RESULTED BY IT RISK MATERIALIZATION
INSURANCE AS A TOOL TO LIMIT CORPORATE FINANCIAL LOSSES RESULTED BY IT RISK MATERIALIZATION

Summary/Abstract: The issues discussed in this article concern the usage of insurance as a tool for limiting corporate financial losses arising from IT risk materialization. The article presents possible threats for the security of IT systems used by enterprises. Quantitative and qualitative methods for estimating IT risk have been presented, as well as insurance products have been selected that can be applied by the enterprises to enhance protection against losses resulted by IT risk. The article also draws attention to benefits which arise from efficient tools for the management of IT systems’ security implementation and usage of insurance as a tool for limiting risk in the enterprises development under volatile market conditions.

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