Information security breaches and IT security investments: Impacts on competitors

2019 ◽  
Vol 56 (5) ◽  
pp. 681-695 ◽  
Author(s):  
Christina Y. Jeong ◽  
Sang-Yong Tom Lee ◽  
Jee-Hae Lim
Keyword(s):  
Information Security ◽  
It Security ◽  
Security Breaches ◽  
Security Investments

The role of the chief information security officer in the management of IT security

2017 ◽  
Vol 25 (3) ◽  
pp. 300-329 ◽  
Author(s):  
Erastus Karanja
Keyword(s):  
Information Security ◽  
Academic Research ◽  
Chief Information Officer ◽  
Research Literature ◽  
It Security ◽  
Content Type ◽  
Security Officer ◽  
Security Breaches ◽  
Advance Research

Purpose The aim of this study is to advance research on the position of the CISO by investigating the role that CISOs play before and after an IT security breach. There is a dearth of academic research literature on the role of a chief information security officer (CISO) in the management of Information Technology (IT) security. The limited research literature exists despite the increasing number and complexity of IT security breaches that lead to significant erosions in business value. Design/methodology/approach The study makes use of content analysis and agency theory to explore a sample of US firms that experienced IT security breaches between 2009 and 2015 and how these firms reacted to the IT security breaches. Findings The results indicate that following the IT security breaches, a number of the impacted firms adopted a reactive plan that entailed a re-organization of the existing IT security strategy and the hiring of a CISO. Also, there is no consensus on the CISO reporting structure since most of the firms that hired a CISO for the first time had the CISO report either to the Chief Executive Officer or Chief Information Officer. Research limitations/implications The findings will inform researchers, IT educators and industry practitioners on the roles of CISOs as well as advance research on how to mitigate IT security vulnerabilities. Originality/value The need for research that advances an understanding of how to effectively manage the security of IT resources is timely and is driven by the growing frequency and sophistication of the IT security breaches as well as the significant direct and indirect costs incurred by both the affected firms and their stakeholders.

How Bad is it? – A Branching Activity Model to Estimate the Impact of Information Security Breaches

2013 ◽  
Author(s):  
Russell Cameron Thomas ◽  
Marcin Antkiewicz ◽  
Patrick Florer ◽  
Suzanne Widup ◽  
Matthew Woodyard
Keyword(s):  
Information Security ◽  
Activity Model ◽  
Security Breaches ◽  
The Impact

The Market Value and Reputational Effects from Lost Confidential Information

2015 ◽  
Vol 5 (4) ◽  
Author(s):  
Joseph K. Tanimura ◽  
Eric W. Wehrly
Keyword(s):  
Information Security ◽  
Market Value ◽  
Direct Costs ◽  
Publicly Traded ◽  
Confidential Information ◽  
Publicly Traded Companies ◽  
Security Breaches ◽  
Customer Information ◽  
Employee Information

According to many business publications, firms that experience information security breaches suffer substantial reputational penalties. This paper examines incidents in which confidential information, for a firms customers or employees, is stolen from or lost by publicly traded companies. Firms that experience such breaches suffer statistically significant losses in the market value of their equity. On the whole, the data indicate that these losses are of similar magnitudes to the direct costs. Thus, direct costs, and not reputational penalties, are the primary deterrents to information security breaches. Contrary to many published assertions, on average, firms that lose customer information do not suffer reputational penalties. However, when firms lose employee information, we find significant reputational penalties.

An analysis on effects of information security investments: a BSC perspective

2010 ◽  
Vol 23 (4) ◽  
pp. 941-953 ◽  
Author(s):  
Hee-Kyung Kong ◽  
Tae-Sung Kim ◽  
Jungduk Kim
Keyword(s):  
Information Security ◽  
Security Investments

scholarly journals Fuzzy-Based Symmetrical Multi-Criteria Decision-Making Procedure for Evaluating the Impact of Harmful Factors of Healthcare Information Security

Symmetry ◽  
2020 ◽  
Vol 12 (4) ◽  
pp. 664 ◽  
Author(s):  
Rajeev Kumar ◽  
Abhishek Kumar Pandey ◽  
Abdullah Baz ◽  
Hosam Alhakami ◽  
Wajdi Alhakami ◽  
...  
Keyword(s):  
Decision Making ◽  
Information Security ◽  
Information Management ◽  
Cyber Security ◽  
Cyber Attacks ◽  
Multi Criteria Decision Making ◽  
Local Hospital ◽  
Healthcare Information ◽  
Security Breaches ◽  
The Impact

Growing concern about healthcare information security in the wake of alarmingly rising cyber-attacks is being given symmetrical priority by current researchers and cyber security experts. Intruders are penetrating symmetrical mechanisms of healthcare information security continuously. In the same league, the paper presents an overview on the current situation of healthcare information and presents a layered model of healthcare information management in organizations. The paper also evaluates the various factors that have a key contribution in healthcare information security breaches through a hybrid fuzzy-based symmetrical methodology of AHP-TOPSIS. Furthermore, for assessing the effect of the calculated results, the authors have tested the results on local hospital software of Varanasi. Tested results of the factors are validated through the comparison and sensitivity analysis in this study. Tabulated results of the proposed study propose a symmetrical mechanism as the most conversant technique which can be employed by the experts and researchers for preparing security guidelines and strategies.

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