How markets react to information security incident announcements (‘events’) affecting publicly listed companies.
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Cyber security is certainly gaining traction at board level, especially since the onset of the COVID-19 pandemic and remote working and, more recently, high profile ransomware attacks such as that of Royal Mail.
The IBM ‘Cost of a Data Breach Report 2022’ cites the average cost of a breach to an organisation as US$4.35m, with 83% of companies having experienced more than one breach. The figure here is an activity-based cost of identifying and containing the breach, notifying the relevant authorities, paying any infringement fine and carrying out post-breach mitigating actions concerning lost business and reputational damage. Such costs would include both internal effort as well as that of external consultants where needed.
If your company happens to be publicly listed, though, your CEO will surely be keeping a close watch also on his/her share price (market value), and therein lies the focus of this event.
About the speaker
Dr Adrian Ford MBCS
Dr Adrian Ford MBCS is a cyber security researcher at the School of Architecture, Computing and Engineering, University of East London and a Freeman of the Worshipful Company of Information Technologists.
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This event is brought to you by: BCS Information Security specialist group