What is it about?
In this study we find that it matters whether a firm's cybersecurity examination is performed by its independent auditor or by a third party. When a cybersecurity incident occurs, investors penalize the firm more when the cybersecurity service was provided by its own independent auditor rather than by an outside party.
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This page is a summary of: The Impact of Cybersecurity Risk Management Examinations and Cybersecurity Incidents on Investor Perceptions and Decisions, Auditing A Journal of Practice & Theory, July 2020, American Accounting Association,
DOI: 10.2308/ajpt-18-010.
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