Ashraf, Musaib; Jiang, John Xuefeng; Wang, Isabel Yanyan - In: The Journal of finance and data science : JFDS 8 (2022), pp. 202-213
discovery. In the U.S., state-level data breach disclosure laws require firms to disclose the occurrence of a data breach, with … deadlines, we find that, when facing a deadline, firms disclose a data breach 90 percent faster but are 58 percent less likely … to disclose breach details. Investors respond negatively to delayed breach disclosures but are forgiving of a delay when …