Cyberattacks Impact on Stock Price: Financial Institutions Case
Yusuf Murtadlo Hidayat, Nugraha, Disman, Mayasari

Universitas Pendidikan Indonesia

Abstract

In this study, the stock prices of a financial institution during a cyberattack were analyzed. Event study methodology was used in this study, which examines how the stock market reacts to cyberattack announcements at institutions. The results reveal that there are no differences in stock prices between before and after the cyberattack. The results presented here can facilitate more in-depth research into investor behavior in responding to institutions that are under cyber attack.

Keywords: cyber attack, event study, financial performance, stock prices.

Topic: Financial Management and Accounting