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Activity Number:
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231
- SPEED: SPAAC SESSION I
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Type:
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Topic-Contributed
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Date/Time:
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Wednesday, August 11, 2021 : 10:00 AM to 11:50 AM
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Sponsor:
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Section on Risk Analysis
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Abstract #318057
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Title:
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Correcting for Reporting Delays in Cyber Incidents
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Author(s):
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Seema Sangari* and Eric Dallal
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Companies:
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Kennesaw State University and AIR-Worldwide
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Keywords:
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Delay Distribution;
Optimization;
Reporting Delays
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Abstract:
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With an ever evolving cyber domain, delays in reporting incidents are a well-known problem in the cyber insurance industry. Addressing this problem is a requisite to obtaining the true picture of cyber incident rates and to model it appropriately. The proposed algorithm addresses this problem by creating a model of the distribution of reporting delays and using the model to correct reported incident counts to account for the expected proportion of incidents that have occurred but not yet been reported. In particular, this correction shows an increase in the number of cyber events in recent months rather than the decline suggested by reported counts.
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Authors who are presenting talks have a * after their name.
