Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Big Data (1)
- Cyber-Security (1)
- Cybersecurity risk (1)
- Debord (1)
- Derivatives (1)
-
- Digital Security (1)
- Digital economy (1)
- Exhibition (1)
- Expository Society (1)
- Facebook (1)
- Foucault (1)
- Google (1)
- Harvard Business Law Review (1)
- Information privacy (1)
- Informed cybertrading (1)
- Insider Trading (1)
- NSA (1)
- SSRN (1)
- Securities Fraud (1)
- Securities market (1)
- Spectacle (1)
- Surveillance (1)
Articles 1 - 2 of 2
Full-Text Articles in Privacy Law
Informed Trading And Cybersecurity Breaches, Joshua Mitts, Eric L. Talley
Informed Trading And Cybersecurity Breaches, Joshua Mitts, Eric L. Talley
Faculty Scholarship
Cybersecurity has become a significant concern in corporate and commercial settings, and for good reason: a threatened or realized cybersecurity breach can materially affect firm value for capital investors. This paper explores whether market arbitrageurs appear systematically to exploit advance knowledge of such vulnerabilities. We make use of a novel data set tracking cybersecurity breach announcements among public companies to study trading patterns in the derivatives market preceding the announcement of a breach. Using a matched sample of unaffected control firms, we find significant trading abnormalities for hacked targets, measured in terms of both open interest and volume. Our results …
Digital Security In The Expository Society: Spectacle, Surveillance, And Exhibition In The Neoliberal Age Of Big Data, Bernard E. Harcourt
Digital Security In The Expository Society: Spectacle, Surveillance, And Exhibition In The Neoliberal Age Of Big Data, Bernard E. Harcourt
Faculty Scholarship
In 1827, Nicolaus Heinrich Julius, a professor at the University of Berlin, identified an important architectural mutation in nineteenth-century society that reflected a deep disruption in our technologies of knowledge and a profound transformation in relations of power across society: Antiquity, Julius observed, had discovered the architectural form of the spectacle; but modern times had operated a fundamental shift from spectacle to surveillance. Michel Foucault would elaborate this insight in his 1973 Collège de France lectures on The Punitive Society, where he would declare: “[T]his is precisely what happens in the modern era: the reversal of the spectacle into surveillance…. …