Gatzert, Nadine; Schubert, Madeline - In: Journal of Risk and Insurance 89 (2022) 3, pp. 725-763
In this paper, we first construct a cyber risk consciousness score using a text mining algorithm, applied to annual … reports of large‐ and mid‐cap US banks and insurers from 2011 to 2018. We next categorize the firms' cyber risk management … based on keywords to study determinants and value‐relevance. Our results show an increasing cyber risk consciousness …