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Authors: Anat Hovav and John D’Arcy

Affiliation: Temple University, Fox School of Business and Management, United States

Keyword(s): information systems security, security breach, computer virus, event study

Abstract: The increase in security breaches in the last few years and the need to insure information assets has created an intensified interest in information security and risk within organizations. However, very little is known of the financial impact and the risk associated with the various types of security breaches. This article reports the impact of virus attack announcements on the market value of affected companies over a period of 15 years. The study was conducted using event study methodology. The results show that in general the market does not penalize companies that experience such an attack.

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Paper citation in several formats:
Hovav, A. and D’Arcy, J. (2004). The Impact of Virus Attack Announcements on the Market Value of Firms. In Proceedings of the 2nd International Workshop on Security in Information Systems - WOSIS, (ICEIS 2004) ISBN 972-8865-07-4, pages 146-156. DOI: 10.5220/0002668501460156

@conference{wosis04,
author={Anat Hovav. and John D’Arcy.},
title={The Impact of Virus Attack Announcements on the Market Value of Firms},
booktitle={Proceedings of the 2nd International Workshop on Security in Information Systems - WOSIS, (ICEIS 2004)},
year={2004},
pages={146-156},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0002668501460156},
isbn={972-8865-07-4},
}

TY - CONF

JO - Proceedings of the 2nd International Workshop on Security in Information Systems - WOSIS, (ICEIS 2004)
TI - The Impact of Virus Attack Announcements on the Market Value of Firms
SN - 972-8865-07-4
AU - Hovav, A.
AU - D’Arcy, J.
PY - 2004
SP - 146
EP - 156
DO - 10.5220/0002668501460156

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