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Cyberwashing: The disconnect between cyber security claims and real practices

Author

Listed:
  • Phair, Nigel

    (Monash University, Wellington Rd, Australia)

Abstract

Cyber security continues to be an issue for organisations, particularly those that collect and use personal information. The implementation of a robust risk assessment and detailed control framework which is focused on addressing key threats is critical to achieving cyber resilience. Some organisations are keen to espouse their cyber security credentials, often in an effort to satisfy regulators, assure stakeholders and placate consumers. Regardless of this rhetoric, however, some of these organisations still suffer from a cyberattack. What does it mean when these words are not put into practice?

Suggested Citation

  • Phair, Nigel, 2024. "Cyberwashing: The disconnect between cyber security claims and real practices," Journal of Risk Management in Financial Institutions, Henry Stewart Publications, vol. 18(1), pages 76-83, December.
    • Handle: RePEc:aza:rmfi00:y:2024:v:18:i:1:p:76-83
    as

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    More about this item

    Keywords

    cyber washing; cyber; risk management; incident response; cyber resilience; regulation;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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