The digitalization of the agricultural industry is manifested through the active use of innovative technologies in all its areas. Agribusiness owners have to constantly improve their security to meet new challenges. In this context, the existing cyber risks of the agrarian industry were assessed and their classification by possible consequences, such as data theft or alteration, cyber terrorism, cyber warfare, software hacking or modification, the blocking of markets and transactions on them, was proposed. Cyber insurance is an effective tool for minimizing the likelihood of cyber incidents and for comprehensive post-incident support, with the involvement of cybersecurity specialists. An algorithm for cooperation between an agricultural company and an insurance company when concluding a cyber risk insurance contract is proposed, which takes into account the needs and wishes of insurers at each stage of the interaction. To assess the need to use cyber insurance in agriculture 4.0, a methodology has been developed to evaluate the regional characteristics of cybersecurity and the digitalization of agribusiness. The results of the study show a heterogeneous need for this tool in different regions of the world.

The purpose of this article is to outline current trends in the development of cyber insurance in the world and in Ukraine. Modern information wars and a significant increase in cyber-attacks over the past three years (2019-2021) indicate a low level of protection of critical infrastructure, data storage and personal information, so the development of cyber insurance as an effective protection tool is a priority today. Methodology. The article used methods of data analysis and synthesis to prepare the information base for defining the concept of cyber insurance; comparison of domestic and foreign publications to describe key features of cyber insurance; scientific induction and deduction to create recommendations for the spread of cyber insurance. Results. The results of the study indicate a high degree of danger of cyber risks in the modern world, as their variety is growing exponentially. That is why an effective mechanism for protecting the data of states, authorities, businesses and individuals must include cyber insurance. In addition, insurance companies need to develop policies with an individualized approach to each client, because the characteristics of digital behavior and the security state of the IT structure may differ. Practical implications. The article substantiates the provision of services to create an effective set of services against cyber risks and proposes a mechanism of interaction between insurance market participants on the vector of cyber insurance. The article classifies the main types of cyber risks for the business segment and individual clients, highlighting the most critical and dangerous ones. Value/originality. The results of the study allow insurance companies to create relevant products, prepare customers for modern challenges and prevent cyber-attacks, and government agencies to regulate relations in the field of cyber insurance.

The article examines the process of implementing cyber insurance in the world and proposes a Roadmap for implementation in Ukraine. The key goals and objectives facing the insurance market of Ukraine and the regulator in order to achieve this goal are considered. Approximate deadlines for the necessary measures to prepare for the introduction of cyber insurance in the Ukrainian economy are outlined. The key features of regulations in the field of cyber security in the EU and Australia are highlighted and ways to adapt them in Ukraine are proposed. Promising means to increase the security of individuals and legal entities in the digital space on the example of the mechanism of interaction between insurers and expert organizations in Australia. The main vectors of cooperation between insurance companies and expert organizations in the field of cyber security in the Ukrainian and global insurance markets are listed. A system of interaction between the subjects of cyber-insurance relations with the positioning of the insured in the center of relations as a key participant in insurance has been developed, which proves the high customer orientation of this area of ​​insurance business. The current problems of the Ukrainian insurance market are substantiated and the ways of their solution through the mechanism of cyber insurance implementation are offered: modeling of the mechanism of estimation of losses from cyber attacks, monitoring of the current state of insurers, development of ways to minimize cyber incidents. The dynamics of cyber incidents in 2020 is analyzed and the correlation between the occurrence of global lockdowns caused by COVID-19 and the growth in the number of cyber attacks is revealed. Based on the analysis, it is proved that the introduction of cyber insurance in Ukraine is a necessary tool to protect all participants in insurance relations from cyber risks and for the development of the insurance market as a whole

The COVID-19 pandemic was a turning point for all participants in economic relations. The insurance market has faced new challenges related to the format of cooperation with clients changing, as well as the transformation of clients’ business. Remote work has identified threats that can not only stop the industry but also destroy it. One of the examples of such threats is DDoS-attacks, targeted at stopping the computer systems of the victims of the attack. In 2021, the share of organizations that suffered losses after DDoS-attack increased to 86.2 %, 9 pp more than before the COVID-19 pandemic. IT administrators sometimes don’t notice the consequences of attacks, so they can’t assess the state of their business entirely. Cybersecurity experts should be involved in this monitoring, but often they only restore IT systems, without compensation. The set of services in cyber-insurance policy consists of: monitoring the client’s IT systems, providing recommendations for its improvement, assistance in case of DDOS-attack, payment of compensation, and restoration of reputation. Therefore, DDoS-attacks insurance has become more popular during the COVID-19 pandemic. The volume of the cyber-insurance market grew by 39 % in 2020 and reached $7 billion vs 2018. The primary insurers in this area are media and publications, as all their activities are built on Internet-based systems. The article examines the transformation of the cyber insurance market in the world before and after the beginning of the COVID-19 pandemic. The state and prospects of DDoS-attacks insurance are considered, and the necessity of developing of this type of insurance in Ukraine is proved. Recommendations are provided for the introduction of cyber DDoS-attacks insurance products in the portfolio of Ukrainian insurance companies in the context of the Digital Strategy of Ukraine 2030.

Transformation of Ukraine's economy: formation of an inclusive economy system and functionality of financial inclusion : Scientific monograph. Riga, Latvia : “Baltija Publishing”, 2023. 428 p.

The article examines the process of implementing cyber insurance in the world and proposes a Roadmap for implementation in Ukraine. The key goals and objectives facing the insurance market of Ukraine and the regulator in order to achieve this goal are considered. Approximate deadlines for the necessary measures to prepare for the introduction of cyber insurance in the Ukrainian economy are outlined. The key features of regulations in the field of cyber security in the EU and Australia are highlighted and ways to adapt them in Ukraine are proposed. Promising means to increase the security of individuals and legal entities in the digital space on the example of the mechanism of interaction between insurers and expert organizations in Australia. The main vectors of cooperation between insurance companies and expert organizations in the field of cyber security in the Ukrainian and global insurance markets are listed. A system of interaction between the subjects of cyber-insurance relations with the positioning of the insured in the center of relations as a key participant in insurance has been developed, which proves the high customer orientation of this area of ​​insurance business. The current problems of the Ukrainian insurance market are substantiated and the ways of their solution through the mechanism of cyber insurance implementation are offered: modeling of the mechanism of estimation of losses from cyber attacks, monitoring of the current state of insurers, development of ways to minimize cyber incidents. The dynamics of cyber incidents in 2020 is analyzed and the correlation between the occurrence of global lockdowns caused by COVID-19 and the growth in the number of cyber attacks is revealed. Based on the analysis, it is proved that the introduction of cyber insurance in Ukraine is a necessary tool to protect all participants in insurance relations from cyber risks and for the development of the insurance market as a whole.