Date of Award

12-1-2023

Language

English

Document Type

Dissertation

Degree Name

Doctor of Philosophy (PhD)

College/School/Department

College of Emergency Preparedness, Homeland Security and Cybersecurity

Dissertation/Thesis Chair

Unal Tatar

Committee Members

Benjamin Yankson, Cesar Ariel Pinto, Brian Nussbaum

Keywords

cyber insurance, cyber resiliency, cybersecurity, local government, municipalities, risk management

Subject Categories

Library and Information Science

Abstract

In an era of escalating cyber risks, municipal governments grapple with mounting challenges stemming from their increasing reliance on IT systems and limited resources. This dissertation presents a novel exploration into the uncharted realm of cyber insurance adoption within municipalities, aimed at enhancing their cyber resiliency by exploring to what extent municipalities utilize cyber insurance to manage their cyber risks and what effect this has had on their cyber resiliency. With a focus on New York State, a dynamic backdrop offering diverse municipalities, notable cyber incidents, robust security regulations, and economic influence, this study delves deep into the extent to which municipalities are embracing cyber insurance as a means to manage cyber risks and fortify their defenses.Through qualitative interviews involving key stakeholders from 22 municipalities and insurance entities, the research unveils a multifaceted landscape. Varied levels of cyber insurance adoption emerge, influenced by factors such as municipality size and experience. For those who embrace it, cyber insurance acts as a critical lifeline, facilitating post-incident recovery and optimal resource allocation. Yet, challenges loom, including the evolving threat landscape, financial restrictions, awareness gaps, and intricate insurance applications. The path to bolstering cyber resiliency rests on tailored solutions, open communication, and proactive engagement. The study's significance extends beyond its academic boundaries, fostering profound impacts in the realm of municipal cybersecurity and cyber insurance. By offering fresh insights and bridging crucial research gaps, this work equips insurers and municipal governments alike with actionable insights. These insights empower stakeholders to navigate the intricate terrain of cyber insurance and cyber risk management more adeptly, thus safeguarding vital digital assets in the face of ever-evolving threats.

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