Published on Security Management (http://www.securitymanagement.com)
Painful Disclosures
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The average stock prices of six companies that had disclosed an information security breach between February 2005 and June 2006 fell by five percent within a month of the disclosure and remained as much as 8.5 percent below predisclosure levels for nearly a year.


The average stock prices of six companies that had disclosed an information security breach between February 2005 and June 2006 fell by five percent within a month of the disclosure and remained as much as 8.5 percent below predisclosure levels for nearly a year. That damage compounds any harm done to the organization's reputation, not to mention regulatory penalties that have reached as much as $15 million, according to a research study by Enterprise Management Associates (EMA), an IT management consulting firm.


Read an executive summary of the EMA paper, The Security of Information: A Strategic Approach to Current Topics and Trends [1].


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Source URL: http://www.securitymanagement.com/article/painful-disclosures-0

    
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[1] http://www.emausa.com/ema_collateral/EMA_Security-of-Info_Report-OV_0906.pdf