4,504 research outputs found

    An Empirical Study of Computer and Internet Security Breaches Using Sparse Data

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    The Impact of Data Breach Announcements on Company Value in European Markets

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    Recent research on the economic impact of data breach announcements on publicly listed companies was found to be sparse, with the majority of existing studies having a strong US bias. Here, a dataset of 45 data breach disclosures between 2017 and 2019 relevant to European publicly listed companies was hand-gathered (from various sources) and detailed analyses of share price impact carried out using event study techniques with the aim of supporting business cases for firms to invest in cyber security. Differences from existing studies (in particular, the US market) are highlighted and discussed along with pointers to future research in this area. Although some evidence of negative cumulative abnormal returns (CAR) in the days surrounding the announcement were observed, along with one extreme case leading to insolvency, the results were not statistically significant overall with the notable exception of the Spanish market, which appeared to be more sensitive to data breaches, reacting rapidly. Therefore, justification for cyber security investment purely based on the market value effect of a data breach disclosure would be challenging. Other factors would need to be taken into consideration such as risk appetite, industry sector and nature of the information compromised as well as relevant legislation. Certain other observations were noted such as the lack of a comprehensive breach database for Europe (unlike US) and the effect of the introduction of the General Data Protection Regulation (GDPR). This research would be of benefit to business management, practitioners of cyber security, investors and shareholders as well as researchers in cyber security or related fields

    Feature extraction and classification of spam emails

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    The Impact of CISO Appointment Announcements on the Market Value of Firms

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    Previous studies concerning the economic impact of security events on publicly listed companies have focussed on the negative effect of data breaches and cyberattacks with a view to encouraging firms to improve their cyber security posture to avoid such incidents. This paper is an initial study on the impact of investment in human capital related to security, specifically appointments of chief information security officers (CISO), chief security officers (CSO) or similar overall head of security roles. Using event study techniques, a dataset of 37 CISO type appointment announcements spanning multiple world markets between 2012 and 2019 was analysed and statistically significant (at the 5% level) positive cumulative abnormal returns (CAR) of around 0.8% on average were observed over the three-day period before, during and after the announcement. Furthermore, this positive CAR was found to be highest, at nearly 1.8% on average, within the financial services sector and showing statistical significance at the 1% level. In addition to the industry sector, other characteristics were investigated such as job title, reporting structure, comparison of internal versus external appointments, gender and variations between markets. Although these findings were not as conclusive they are, nevertheless, good pointers for future research in this area. This overall positive market reaction to CISO related announcements is a strong case for publicly listed firms to be transparent in such appointments and to, perhaps, review where that function sits within their organisation to ensure it delivers the greatest benefits. As 24% of the firms analysed were listed outside the US, this study also begins to counter the strong US bias seen in similar and related studies. This research is expected to be of interest to business management, cyber security practitioners, investors and shareholders as well as researchers in cyber security or related fields

    The information security policy unpacked: A critical study of the content of university policies

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    Ensuring the security of corporate information, that is increasingly stored, processed and disseminated using information and communications technologies [ICTs], has become an extremely complex and challenging activity. This is a particularly important concern for knowledge-intensive organisations, such as Universities, as the effective conduct of their core teaching and research activities is becoming ever more reliant on the availability, integrity and accuracy of computer-based information resources. One increasingly important mechanism for reducing the occurrence of security breaches, and in so doing, protecting corporate information, is through the formulation and application of a formal information security policy (InSPy). Whilst a great deal has now been written about the importance and role of the information security policy, and approaches to its formulation and dissemination, there is relatively little empirical material that explicitly addresses the structure or content of security policies. The broad aim of the study, reported in this paper, is to fill this gap in the literature by critically examining the structure and content of authentic information security policies, rather than simply making general prescriptions about what they ought to contain. Having established the structure and key features of the reviewed policies, the paper critically explores the underlying conceptualization of information security embedded in the policies. There are two important conclusions to be drawn from this study: 1) the wide diversity of disparate policies and standards in use is unlikely to foster a coherent approach to security management; and 2) the range of specific issues explicitly covered in university policies is surprisingly low, and reflects a highly techno-centric view of information security management

    GOTCHA Password Hackers!

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    We introduce GOTCHAs (Generating panOptic Turing Tests to Tell Computers and Humans Apart) as a way of preventing automated offline dictionary attacks against user selected passwords. A GOTCHA is a randomized puzzle generation protocol, which involves interaction between a computer and a human. Informally, a GOTCHA should satisfy two key properties: (1) The puzzles are easy for the human to solve. (2) The puzzles are hard for a computer to solve even if it has the random bits used by the computer to generate the final puzzle --- unlike a CAPTCHA. Our main theorem demonstrates that GOTCHAs can be used to mitigate the threat of offline dictionary attacks against passwords by ensuring that a password cracker must receive constant feedback from a human being while mounting an attack. Finally, we provide a candidate construction of GOTCHAs based on Inkblot images. Our construction relies on the usability assumption that users can recognize the phrases that they originally used to describe each Inkblot image --- a much weaker usability assumption than previous password systems based on Inkblots which required users to recall their phrase exactly. We conduct a user study to evaluate the usability of our GOTCHA construction. We also generate a GOTCHA challenge where we encourage artificial intelligence and security researchers to try to crack several passwords protected with our scheme.Comment: 2013 ACM Workshop on Artificial Intelligence and Security (AISec

    Examining Employee Social Media Deviance: A Psychological Contract Breach Perspective

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    With the prevalence of social media, employees’ deviant behaviors on social media can go viral and result in unpredictable negative outcomes beyond the workplace. This paper investigates the relationship between abusive supervision and employee social media deviance from the theoretical perspective of psychological contract breach (PCB), and examine the moderating role of social media controls. Building on prior studies of abusive supervision and employee workplace deviance, this paper argues that abusive supervision plays a crucial motivational role in triggering employee social media deviance. Our results demonstrate that employees who experience abusive supervision are more likely to perceive PCB, and thus engage in social media deviance. User awareness of social media policy and informal sanctions can weaken the positive relationship between employee perceived PCB and social media deviance

    Proceedings of Abstracts Engineering and Computer Science Research Conference 2019

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    © 2019 The Author(s). This is an open-access work distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. For further details please see https://creativecommons.org/licenses/by/4.0/. Note: Keynote: Fluorescence visualisation to evaluate effectiveness of personal protective equipment for infection control is © 2019 Crown copyright and so is licensed under the Open Government Licence v3.0. Under this licence users are permitted to copy, publish, distribute and transmit the Information; adapt the Information; exploit the Information commercially and non-commercially for example, by combining it with other Information, or by including it in your own product or application. Where you do any of the above you must acknowledge the source of the Information in your product or application by including or linking to any attribution statement specified by the Information Provider(s) and, where possible, provide a link to this licence: http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/This book is the record of abstracts submitted and accepted for presentation at the Inaugural Engineering and Computer Science Research Conference held 17th April 2019 at the University of Hertfordshire, Hatfield, UK. This conference is a local event aiming at bringing together the research students, staff and eminent external guests to celebrate Engineering and Computer Science Research at the University of Hertfordshire. The ECS Research Conference aims to showcase the broad landscape of research taking place in the School of Engineering and Computer Science. The 2019 conference was articulated around three topical cross-disciplinary themes: Make and Preserve the Future; Connect the People and Cities; and Protect and Care
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