Analysis of Cyber Insurance Potential in Indonesia

DOI

10.2991/assehr.k.200331.130How to use a DOI?

Keywords

cyber insurance, digital era, SWOT analysis

Abstract

In the digital era, one cannot deny that the virtual world has been vital in all activities. This makes owners of companies vulnerable to cybercriminals in terms of the personal data security of both customers or consumers. This necessitates cyber insurance products designed to protect vulnerable parties. In 2017, some insurance companies in Japan and America had the most revenue for cyber insurance. However, in Indonesia, cyber insurance has not attracted much interest, and only a few studies have been conducted on the topic. Therefore, this paper intends to examine the potential and constraints of cyber insurance development in Indonesia. Based on the SWOT analysis results, the presence of cyber insurance in Indonesia is under Quadrant 4. One of the major strategies that can be used to further the importance of cyber insurance is literacy and education among IT-based companies.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Yulial Hikmah
AU  - Fia Fridayanti Adam
PY  - 2020
DA  - 2020/04/03
TI  - Analysis of Cyber Insurance Potential in Indonesia
BT  - Proceedings of the 3rd International Conference on Vocational Higher Education (ICVHE 2018)
PB  - Atlantis Press
SP  - 120
EP  - 125
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200331.130
DO  - 10.2991/assehr.k.200331.130
ID  - Hikmah2020
ER  -