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Full-Text Articles in Business
Cyber-Assets At Risk (Car): Monetary Impact Of Personally Identifiable Information Data Breaches On Companies, Omer Ilker Poyraz
Cyber-Assets At Risk (Car): Monetary Impact Of Personally Identifiable Information Data Breaches On Companies, Omer Ilker Poyraz
Engineering Management & Systems Engineering Theses & Dissertations
Cyber-systems provide convenience, ubiquity, economic advantage, and higher efficiency to both individuals and organizations. However, vulnerabilities of the cyber domain also offer malicious actors with the opportunities to compromise the most sensitive information. Recent cybersecurity incidents show that a group of hackers can cause a massive data breach, resulting in companies losing competitive advantage, reputation, and money. Governments have since taken some actions in protecting individuals and companies from such crime by authorizing federal agencies and developing regulations. To protect the public from losing their most sensitive records, governments have also been compelling companies to follow cybersecurity regulations. If companies …
Cyber-Assets At Risk (Car): The Cost Of Personally Identifiable Information Data Breaches, Omer Ilker Poyraz, Sarah Bouazzaoui, Omer Keskin, Michael Mcshane, Ariel Pinto
Cyber-Assets At Risk (Car): The Cost Of Personally Identifiable Information Data Breaches, Omer Ilker Poyraz, Sarah Bouazzaoui, Omer Keskin, Michael Mcshane, Ariel Pinto
Engineering Management & Systems Engineering Faculty Publications
Severe financial consequences of data breaches enforce organizations to reconsider their cybersecurity investment. Although attack frequency and trends seem similar per industry, the impact of a data breach may exponentially increase depending on the type of information and the amount of the stolen data. Also, governments develop and improve laws and regulations to protect the privacy of individuals. Therefore, a failure of data security may yield severe penalties and class-action lawsuits, which can significantly increase the expenses than before. The monetary impact of a data breach is a new field of study that requires more sophisticated research and analysis. There …