Linfeng Zhang

Ph.D. Student


I am currently a Ph.D. student in the Department of Mathematics at the University of Illinois at Urbana-Champaign.

With a concentration in Actuarial Science and Risk Analytics, I am working on topics related to cyber insurance and cyber risks, which are the continuation of my work when I was a research assistant at the Critical Infrastructure Resilience Institute (CIRI) before entering the doctoral program.


Ph.D. student in Mathematics (Concentration in Actuarial Science), University of Illinois, expected 2024

M.Sc in Finance, University of Illinois, 2016

B.Sc in Actuarial Science and Statistics, University of Illinois, 2015


Kesan, J. P., & Zhang, L. (2019). An Empirical Investigation of the Relationship between Local Government Budgets, IT Expenditures and Cyber Losses. IEEE Transactions on Emerging Topics in Computing, 1-1. doi: 10.1109/tetc.2019.2915098

Tonn, G., Kesan, J. P., Zhang, L., & Czajkowski, J. (2019). Cyber risk and insurance for transportation infrastructure. Transport Policy, 79, 103-114. doi: 10.1016/j.tranpol.2019.04.019

Shetty, S., Mcshane, M., Zhang, L., Kesan, J. P., Kamhoua, C. A., Kwiat, K., & Njilla, L. L. (2018). Reducing Informational Disadvantages to Improve Cyber Risk Management. The Geneva Papers on Risk and Insurance - Issues and Practice, 43(2), 224-238. doi: 10.1057/s41288-018-0078-3

Actuarial Innovation and Technology on Cyber Risk

Sponsor: Society of Actuaries

Role: Research Assistant/Author

Status: Ongoing since 2019

Cyber Insurance - Challenges and Opportunities for Market Growth

Sponsor: FundaciĆ³n MAPFRE

Role: Research Assistant/Author

Status: Ongoing since 2019

Risk Assessment and Cyber Insurance

Sponsor: Department of Homeland Security/Critical Infrastructure Resilience Institute

Role: Research Assistant/Author

Status: Complete (2016-2018)