A Study on cost damage of Cyber Attacks and their Impact on Stock Market


The KIPS Transactions:PartC, Vol. 13, No. 1, pp. 63-68, Feb. 2006
10.3745/KIPSTC.2006.13.1.63,   PDF Download:

Abstract

Cyber Attacks have increased damages constantly in all over the world for several years. A survey said the cost caused by Cyber Attacks had increased 226 times from 1996 to 2003. It is very difficult to calculate the cost by the Attacks exactly but the calculating the cost of cyber attacks would be great helpful for a company to decide how much budget to spend to Information Security. In this research we could reach the conclusion : the cyber attacks has decreased the stock price of the companies, especially pure internet companies. But the stock market has not greatly impacted by the types of Cyber Attacks. Korean stock market also impacted by the Internet Destruction Accident happened Jan. 25. 2003. On the basis of this study we will recommend a policy or a regulation which force board of directors and officers of a company to have information security liability.


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Cite this article
[IEEE Style]
I. S. Oh and S. Y. Lee, "A Study on cost damage of Cyber Attacks and their Impact on Stock Market," The KIPS Transactions:PartC, vol. 13, no. 1, pp. 63-68, 2006. DOI: 10.3745/KIPSTC.2006.13.1.63.

[ACM Style]
Il Seok Oh and Seok Yun Lee. 2006. A Study on cost damage of Cyber Attacks and their Impact on Stock Market. The KIPS Transactions:PartC, 13, 1, (2006), 63-68. DOI: 10.3745/KIPSTC.2006.13.1.63.