Recommended
More Related Content
Viewers also liked
Similar to The Financial Impact of Data Breaches on Targeted Companies and Cyber Security Companies
Similar to The Financial Impact of Data Breaches on Targeted Companies and Cyber Security Companies (20)
Recently uploaded
Recently uploaded (20)
The Financial Impact of Data Breaches on Targeted Companies and Cyber Security Companies
- 5. . Breached Company Event Studies Without Significant Results……….. . Breached Company Event Studies With Significant Results…………….. . Cyber Security and IT Consulting Firm Studies………………………………. . Hypothesis Testing……………………………………………………………………….. . Breached Company Model…………………………………………………………….. . Cyber Security Company Model…………………………………………………….. . Breached Company Results…………………………………………………………... . Cyber Security Company Results……………………………………………………
- 7. director, Robert Mueller, “there are two types of companies: those that have been and those that will be.” company’s ’
- 12. ”
- 13. companies’ level of investment in security
- 14. categorized as “hacked” sin companies’ sy
- 16. “the fund invests 80% of its total urities in the index” (“ ,” 2016).
- 17. I measured the combined regression statistics of the targeted companies’ and cyber security companies’ abnormal returns. The re how test’s null hypothesis For the purpose of this study, event study methodology is defined as “the incorporated into share prices”
- 18. irm’s actual stock – ̑ ̂̑
- 19. ∑�=+1 �=−1
- 20. – ̑ ̂̑ ∑�=+1 �=−1
- 21. “Breach Event” specifies targeted firm’s retu
- 24. specified as “Breach ”
- 25. previous studies’ observed outcomes. Due to countless factors and market “noise” affe
- 27. ’s that haven’t been analyzed in this context.
- 28. in today’s digital world , “shareholders still don’t have and translate that into a dollar value” (Kvochko and Pant, 2015). ’
- 29. consistent with previous literature’s conclusions If investors attribute the breach to the targeted companies’