Rui Zhang, Quanyan Zhu and Yezekael Hayel
Network security becomes more challenging than ever as today’s computer networks become increasingly complex. The deployment of defense mechanisms such as firewalls , intrusion detection systems , and moving target defenses can effectively reduce the success rate of cyber attacks but cannot guarantee perfect network security as attacks are becoming more stealthy and sophisticated . Network users can still be hacked, resulting in severe data breaches, disruption of services and financial losses. Cyber insurance provides users a valuable additional layer of protection to mitigate potential vulnerabilities to unknown threats, hacking, and human errors.