The Effect of Internet Security Breach Announcements on Market Value of Breached Firms and Internet Security Developers

@inproceedings{Cavusoglu2002TheEO,
  title={The Effect of Internet Security Breach Announcements on Market Value of Breached Firms and Internet Security Developers},
  author={Huseyin Cavusoglu and Birendra K. Mishra and Srinivasan Raghunathan},
  year={2002}
}
Assessing the value of information technology (IT) security investments by firms is a challenging task because of difficulties in the measurement of tangible and intangible benefits. Event study methodology that uses market valuations is a widely used in these cases. We employ the event study methodology to assess the impact of Internet security breaches on the market value of the breached firms. We also study the information transfer effect of security breaches, namely the effect of security… CONTINUE READING

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