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About Business Strategy and Cybersecurity Breaches
This study examines the relationship between a firm's business strategy and the likelihood of experiencing a cybersecurity breach. The researchers predict that firms with a "prospector" strategy, which focuses on innovation, will be more likely to experience a breach than firms with an "efficiency-focused" or "defender" strategy. Analyzing data on over 34,000 firm-years, they find prospector firms do have a higher breach likelihood. However, this relationship is weakened when firms have executives with strong IT understanding, a chief information officer, an IT-focused board committee, or operate in an IT-focused industry. These findings suggest a firm's business strategy can impact breach risk, but IT awareness and governance also play a role in
Detailed Information
| Author: | ['Francesco Milocco'] |
|---|---|
| Publication Year: | 2023 |
| Pages: | 27 |
| Language: | English |
| Format: | |
| Price: | FREE |
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