Using textual analysis and comparing cybersecurity-risk disclosures of firms that were hacked to others that were not …, we propose a novel firm-level measure of cybersecurity risk for all US-listed firms. We then examine whether … cybersecurity risk is priced in the cross-section of stock returns. Portfolios of firms with high exposure to cybersecurity risk …

Cyber risk arises from contemporary conditions of informational hyperconnectivity and consequent relations of value and … heightened awareness of these dynamics and deepened attention to cyber risk as the object of public policy, corporate practice … and user behaviours. Scholarship on cyber risk management, as found in the cybersecurity literature and adjacent fields …

This paper highlights the emerging supervisory practices that contribute to effective cybersecurity risk supervision … establish and implement a framework for cyber risk supervision. Cyber risk often stems from malicious intent, and a successful … cyber attack-unlike most other sources of risk-can shut down a supervised firm immediately and lead to systemwide …