Sunday, February 16, 2025
Volume 1, 2013: Issue 1 |
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Title: |
The market value of information system (IS) security for e-banking |
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Author(s): |
Linda Brock, IBM Corporation, USA Yair Levy, Nova Southeastern University, USA |
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Abstract: |
Understanding the financial value resulting from IS security investments is critically important to organizations focused on protecting service confidentiality, integrity, and availability in order to preserve firm revenues and reputations. Quantifying the financial effect from IS security investments is difficult to derive. This study investigated the relationship between e-banking investments in IS security and their market value impacts. Using an event study approach, the author captured e-banking firm specific data and isolated the IS security effect through the measured change in market values. Study findings indicated statistically significant market reactions for e-banking firms making IS security investment announcements and suggested that investors rewarded IS security technology investments more highly than e-banking firms making IS security people-focused investment announcements. |
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Keywords: |
Event study; market value; information security; value of information security investments; information systems investments; e-banking |
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Type: |
Research paper |
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Journal: |
The Online Journal of Applied Knowledge Management (OJAKM), ISSN: 2325-4688 |
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Publisher: |
International Institute for Applied Knowledge Management (IIAKM) |
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Accepted: |
10 May 2013 |
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Pages: |
1-17 |