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...