Cyber attacks are an increasingly common threat to business, with risk officers listing cybersecurity as their greatest concern and more than 2,200 confirmed data breaches in 2017, according to a new report from Verizon. The headlines about hacking often focus on potential harm to consumers whose data is stolen, but there hadn’t been a systematic analysis of the effects of cyberattacks on a company’s sales, market valuation and other metrics.
A recent study does just that, though imperfectly. Using events reported as cyber-breaches in the nonprofit Privacy Rights ...
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