Recently, CGI commissioned research from Oxford Economics—The Cyber-Value Connection—to explore the link between a cyber incident and company value. Specifically, we wanted to develop an analytical methodology to examine share-price movements in companies that had experienced publicly disclosed cyber breaches. More...

In January this year, what was believed to be a switching mistake at a high-voltage station near Amsterdam in the Netherlands, caused a complete blackout in the capital and a few neighboring cities. This left more than 350,000 people without power for half a day. In December 2015, 230,000 Ukrainian residents experienced a power outage of up to six hours after 60 substations went offline due to a malware attack. While the former was a genuine error, the latter was a targeted cyberattack intended to cause harm to people, property and the economy at large. More...

It is increasingly clear that cybersecurity is a key factor in a company’s performance, reputation and valuation. This point is brought home in The Cyber-Value Connection report published by CGI in the UK, which quantifies the connection between a severe cyber breach and damage to company value. More...

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