Stop the world. I want to get off.
Mark Sutton reports:
Bosses are more likely to receive a pay rise after their firm suffers a cybersecurity breach, according to a study by the UK’s Warwick Business School.
Researchers at Warwick Business School found that media reports of a cyber-attack led to a stock market “shock” as investors sold their shares, but this only lasted a few days.
Security breaches did have a lasting impact on the way firms were run, as they typically paid lower dividends and invested less in research and development up to five years after the attack.
Yet they were no more likely to fire their chief executive. On the contrary, bosses were more likely to receive an increase in total and incentive pay several years after a security breach.
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