Board of directors’ attributes and aspects of cybersecurity disclosure

Héroux, Sylvie; Fortin, Anne

doi:10.1007/s10997-022-09660-7

Cited by 8 publications

(3 citation statements)

References 58 publications

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“…Notably, different studies acknowledge the impact, such as a survey that found that 87% of consumers would switch to a different company if they felt their data wasn't handled responsibly 11 , customers spending 32% less after a data breach, and investors also react to cybersecurity risks, with negative responses to breach announcements, especially those involving unauthorized access to confidential data (Chen et al 2022). Thus, cybersecurity disclosure is important to the process of informing regulators, financial analysts, investors, shareholders, and other stakeholders (Héroux & Fortin, 2022) In response to this setting, multiple initiatives and regulations evolve around mandatory cybersecurity incident disclosure and reporting in both the public and private sectors. For example and among others:…”

Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

“…Despite the increased attention on mandatory cybersecurity reporting and disclosure; it is easier said than done. Organizations face challenges when deciding whether, what, when and how cybersecurity-related information should be disclosed, specifically when it comes to "voluntary" disclosure regarding cybersecurity risks (Héroux & Fortin, 2022;Frank et al, 2023).…”

Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

“…Further investigations are essential to pinpoint potential DSG mechanisms and factors that could enhance cybersecurity risk and incident disclosure and reporting. For example, researchers can look into factors regarding the positioning of the Board and it independence, IT expertise, gender diversity, risk appetite cetera (Héroux & Fortin, 2022). Furthermore researchers can look into DSG mechanisms such as cybersecurity steering committees, culture, or decision-making structures and more.…”

Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

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Digital Security Governance

Schinagl

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This dissertation focuses on the phenomenon of Digital Security Governance (DSG), highlighting how “digital security” has emerged as an ongoing strategic concern for contemporary organizations. The objective of this dissertation is to provide theoretical and empirical understanding of the currently under-researched aspects of the DSG phenomenon, i.e., what goes on in the implementation of DSG, how DSG can learn from related fields, and how DSG can be governed to become effective in countering the increasing occurrence of cyber failures. The research aggregated in this dissertation advances knowledge and understanding regarding DSG in multiple ways. The literature review in Chapter 2 reveals a fundamental call for a need for change "from the basement to the boardroom." In an ever-increasing digital and technology-driven world, DSG is a strategic concern that affects the long-term success of organizations at the organizational-wide level. Chapters 3 and 4 provide a thorough understanding of "why" organizations fail to establish successful security governance. Chapters 3-5 together provide direction for answering the research question on "how" organizations can effectively implement and govern security governance approaches in today's ever-changing digital landscapes.

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Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

Section: Increased Regulations On Cybersecurity Disclosure and Reportingmentioning

confidence: 99%

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Digital Security Governance

Schinagl

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The Relationship Between Team Diversity and Team Performance: Reconciling Promise and Reality Through a Comprehensive Meta-Analysis Registered Report

Wallrich,

Opara,

Wesołowska

et al. 2024

J Bus Psychol

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Board gender diversity and cyber security disclosure in the Indonesian banking industry: a two-tier governance context

Kurnia,

Ardianto

2024

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Purpose This study aims to determine the effect of board gender diversity on cyber security disclosure (CSD) in the banking sector of Indonesia as a developing country that adheres to a two-tier system. Design/methodology/approach This study uses a panel data of 47 banks listed on the Indonesia Stock Exchange from 2014 to 2021. The board gender diversity is measured by three proxies, the proportion of women on the board, BLAU Index value and the critical mass of women. The authors used generalized method of moments estimation to eliminate the simultaneous equation bias. Findings The results show that the women board of commissioners increases CSD, and the women of board of directors/top management team were significantly negative for CSD. Research limitations/implications First, this research was only conducted in the banking sector. The results cannot be generalized to non-financial companies. Second, there is no measurement of the quality of the board from the level of education, experience, expertise and other characteristics of diversity such as age, nationality and religion. Practical implications The study has revealed the need for the government’s role in providing oversight of the presence of women on the board so that banks fully comply with Indonesia Financial Services Authority regulations. Banks should also actively launch policies regarding the presence of women on the board to give a positive effect to stakeholders that women play an important role in decision making. Banks must also adjust the composition of female commissioners with a threshold of two people to maximize their function as supervisors. Originality/value This is the first research conducted on the banking sector in Indonesia as a developing country that adheres to a two-tier system. The results of this study provide evidence that patriarchal culture is still dominant in Indonesia.

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Board of directors’ attributes and aspects of cybersecurity disclosure

Cited by 8 publications

References 58 publications

Digital Security Governance

Digital Security Governance

The Relationship Between Team Diversity and Team Performance: Reconciling Promise and Reality Through a Comprehensive Meta-Analysis Registered Report

Board gender diversity and cyber security disclosure in the Indonesian banking industry: a two-tier governance context

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