Business Commons^™

Ransomware - A Strategic Threat To Organizations, James Frost, Alan R. Hamlin

Mountain Plains Journal of Business and Technology

Ransomware is a strategic threat to government, business, and academic organizations. It has both short term and long term consequences, requiring strategic planning to create defenses, assess options, and create policies.

The purpose of the study is to answer three questions: What is the strategic risk of cyberattack to organizations? What are the current attitudes and practices of executives who are vulnerable to such threats? What are specific options that organizations should consider to prevent and deal with possible incidents in the future? The article is thus comprised of the following components: A) a history of the development and complexity …

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 …

Email Data Breach Analysis And Prevention Using Hook And Eye System, Shubhankar Jayant Jathar

Electronic Theses, Projects, and Dissertations

Due to the recent COVID-19 outbreak, there were a lot of data leaks from the health sector. This project is about the increase in data breach incidents that are taking place. In this project, There is an analysis of different types of breaches that are found online and are practiced to steal valuable information. Talking about different aspects that lead to data breaches and which are the main sector or main epicenter for data leaks. The analysis tells that most of the data breaches are done using emails and to overcome this limitation a system has been designed that will …

Learning From Digital Failures? The Effectiveness Of Firms’ Divestiture And Management Turnover Responses To Data Breaches, Gui-Deng Say, Gurneeta Vasudeva

Research Collection Lee Kong Chian School Of Business

We examine whether firms learn from digital technology failures in the form of data breach events, based on the effectiveness of their failure responses. We argue that firms experiencing such technological failures interpret them broadly as organizational problems, and undertake unrelated divestitures and top management turnover to achieve better standardization and to remove dysfunctional routines. We test our hypotheses on unrelated subsidiary divestitures and chief technology officer (CTO) turnovers undertaken by 8,760 publicly traded U.S. firms that were at risk of experiencing data breaches in- volving the loss of personally identifiable information during the period 2005–2016. We find that data …

Data Breach Consequences And Responses: A Multi-Method Investigation Of Stakeholders, Hamid Reza Nikkhah

Graduate Theses and Dissertations

The role of information in today’s economy is essential as organizations that can effectively store and leverage information about their stakeholders can gain an advantage in their markets. The extensive digitization of business information can make organizations vulnerable to data breaches. A data breach is the unauthorized access to sensitive, protected, or confidential data resulting in the compromise of information security. Data breaches affect not only the breached organization but also various related stakeholders. After a data breach, stakeholders of the breached organizations show negative behaviors, which causes the breached organizations to face financial and non-financial costs. As such, the …

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 …