WebMar 16, 2024 · The frequency and severity of cyberattacks are expected to increase in 2024, with damage from ransomware attacks reaching USD 30 billion. Cyberthreats are a growing concern for companies of all types and sizes. The financial cost of these attacks can be high, but the impact on customers and other stakeholders may be even greater.
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WebFeb 25, 2024 · McKinsey’s Mr Chinn says: “When customer data is stolen, lost trust in management can impact corporate value and turnover significantly. Companies have been much quicker to report cyberattacks; however, there is a balance if they are trying to get the attacker out without them knowing and don’t want to publicise the fact.” WebCyberattacks and Impact on Bond Valuation “The knock-on effect of a data breach can be devastating for a company. When customers start taking their business—and their … how to join the screenwriters guild
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WebJun 2, 2024 · For companies, bond issuance offers an alternative to stock issuance, which can impact company value. Investors, on the other hand, purchase bonds because of the predictable and stable income they offer compared to other investment vehicles, like stocks. WebCyberattacks and impact on bond valuation. Subramanian R. Iyer, Betty J. Simkins and Heng Wang. Finance Research Letters, 2024, vol. 33, issue C Abstract: We examine the impact of cyberattacks on bondholder wealth. Unlike stockholders, bondholders do not react in the short-term but do experience negative returns in the one-month event window. WebMar 1, 2024 · The impact of cyberattacks is especially negative when attacked firms are older and when they do not have evidence of board attention to risk management (measured by whether the board or a board committee explicitly has the role of monitoring firm risks and risk management), as the abnormal return is lower by four percentage points for such ... josco helen 2205 marinetraffic