“…Damages resulting from such breaches range from financial losses to compromised patient safety. Cybersecurity insurance has become an essential tool to help to mitigate financial liabilities resulting from breaches in many organizations (Kabir et al, 2020;Jalali, Russell, Razak & Gordon, 2019). Natsiavas et al, 2018;Ondiege et al, 2017;PMI, 2017) Quantitatively and qualitatively assess cyber risks (Abraham et al, 2019;Blanke & McGrady, 2016;Coronado & Wong, 2014;Kure et al, 2018;Kruse et al, 2017;PMI, 2017) Analyze the likelihood of cyber risks occurring (Abraham et al, 2019;Blanke & McGrady, 2016;Kure et al, 2018;PMI, 2017) Check the impact of cyber risks (Abraham et al, 2019;Blanke & McGrady, 2016;Kure et al, 2018;PMI, 2017) Classify cyber risks (Abraham et al, 2019;Coronado & Wong, 2014;Kure et al, 2018;PMI, 2017) Plan responses to cyber risks (Abraham et al, 2019;Blanke & McGrady, 2016;PMI, 2017) Monitor cyber risks (Abraham et al, 2019;Blanke & McGrady, 2016;Coronado & Wong, 2014;Kure et al, 2018;PMI, 2017) Manage risks and residual risks (Abraham et al, 2019;Blanke & McGrady, 2016;Coronado & Wong, 2014;Kure et al, 2018;Ondiege et al, 2017;PMI, 2017) Source: The authors.…”