Repeated data breaches and firm value

Jin Peng, Haofei Zhang, Juan Mao and Shouhuai Xu

Economics Letters, 2023, vol. 224, issue C

Abstract: We find that second-time data breaches hurt the firm value more than the respective first breaches, and the damage is most severe for breaches of financial information. Replacing CEOs after the first breach prevents firms from future losses.

Keywords: Repeated data breaches; Event study; Cumulative abnormal returns (CARs); Firm value; Cybersecurity (search for similar items in EconPapers)
JEL-codes: G14 G30 G32 K24 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:224:y:2023:i:c:s0165176523000265

DOI: 10.1016/j.econlet.2023.111001

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