IDEAS home Printed from https://ideas.repec.org/a/ids/ijmdma/v11y2011i5-6p324-343.html
   My bibliography  Save this article

Reducing cyber harassment through de jure standards: a study on the lack of the information security management standard adoption in the USA

Author

Listed:
  • Gurvirender P.S. Tejay
  • Babak Shoraka

Abstract

Organisational members constantly fall prey to social-engineering attacks divulging sensitive information, which could be used as a basis for cyber harassment. Such harassment could include corporate website defacement, negative campaign through social media, or even corporate sabotage. The potential threat of cyber-harassment is real and can be damaging for an organisation impacting its business performance. These information risks confronting organisations can be mitigated by the implementation of information security standards. In this study, we investigated the lacking adoption of the Information Security Management System (ISMS) standard in the USA. We argued that the primary cause for the low adoption level is the failure to financially justify ISMS related investments. Using the event study method, we examined whether organisations that have adopted the ISMS standard have realised any financial gains. Our results indicate that the adoption of the ISMS standard actually does not create financial value for certified organisations.

Suggested Citation

  • Gurvirender P.S. Tejay & Babak Shoraka, 2011. "Reducing cyber harassment through de jure standards: a study on the lack of the information security management standard adoption in the USA," International Journal of Management and Decision Making, Inderscience Enterprises Ltd, vol. 11(5/6), pages 324-343.
  • Handle: RePEc:ids:ijmdma:v:11:y:2011:i:5/6:p:324-343
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=43407
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Kjell Hausken, 2006. "Returns to information security investment: The effect of alternative information security breach functions on optimal investment and sensitivity to vulnerability," Information Systems Frontiers, Springer, vol. 8(5), pages 338-349, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Guizhou Wang & Jonathan W. Welburn & Kjell Hausken, 2020. "A Two-Period Game Theoretic Model of Zero-Day Attacks with Stockpiling," Games, MDPI, vol. 11(4), pages 1-26, December.
    2. Anna Nagurney & Ladimer Nagurney, 2015. "A game theory model of cybersecurity investments with information asymmetry," Netnomics, Springer, vol. 16(1), pages 127-148, August.
    3. Seyed Alireza Hasheminasab & Behrouz Tork Ladani, 2018. "Security Investment in Contagious Networks," Risk Analysis, John Wiley & Sons, vol. 38(8), pages 1559-1575, August.
    4. Amitava Dutta & Rahul Roy, 2008. "Dynamics of organizational information security," System Dynamics Review, System Dynamics Society, vol. 24(3), pages 349-375, September.
    5. Bin Srinidhi & Jia Yan & Giri Kumar Tayi, 2008. "Firm-level Resource Allocation to Information Security in the Presence of Financial Distress," Working Papers 2008-17, School of Economic Sciences, Washington State University.
    6. Jaume Belles‐Sampera & Montserrat Guillén & Miguel Santolino, 2014. "Beyond Value‐at‐Risk: GlueVaR Distortion Risk Measures," Risk Analysis, John Wiley & Sons, vol. 34(1), pages 121-134, January.
    7. Levitin, Gregory & Hausken, Kjell & Taboada, Heidi A. & Coit, David W., 2012. "Data survivability vs. security in information systems," Reliability Engineering and System Safety, Elsevier, vol. 100(C), pages 19-27.
    8. Kjell Hausken & Jonathan W. Welburn, 2021. "Attack and Defense Strategies in Cyber War Involving Production and Stockpiling of Zero-Day Cyber Exploits," Information Systems Frontiers, Springer, vol. 23(6), pages 1609-1620, December.
    9. Adam Behrendt & Vineet M. Payyappalli & Jun Zhuang, 2019. "Modeling the Cost Effectiveness of Fire Protection Resource Allocation in the United States: Models and a 1980–2014 Case Study," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1358-1381, June.
    10. Alessandro Fedele & Cristian Roner, 2022. "Dangerous games: A literature review on cybersecurity investments," Journal of Economic Surveys, Wiley Blackwell, vol. 36(1), pages 157-187, February.
    11. Hee-Kyung Kong & Tae-Sung Kim & Jungduk Kim, 2012. "An analysis on effects of information security investments: a BSC perspective," Journal of Intelligent Manufacturing, Springer, vol. 23(4), pages 941-953, August.
    12. Linda J. Tallau & Manish Gupta & Raj Sharman, 2010. "Information security investment decisions: evaluating the Balanced Scorecard method," International Journal of Business Information Systems, Inderscience Enterprises Ltd, vol. 5(1), pages 34-57.
    13. Aniruddha Bagchi & Tridib Bandyopadhyay, 2018. "Role of Intelligence Inputs in Defending Against Cyber Warfare and Cyberterrorism," Decision Analysis, INFORMS, vol. 15(3), pages 174-193, September.
    14. Lu Xu & Yanhui Li & Qi Yao, 2022. "Information security investment and purchase decision for personalized products," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(6), pages 2619-2635, September.
    15. Liao, Chun-Hsiung & Chen, Chun-Wei, 2014. "Network externality and incentive to invest in network security," Economic Modelling, Elsevier, vol. 36(C), pages 398-404.
    16. Soumyo D. Moitra, 2014. "A Model for Estimating the Benefits from Network Security Systems," International Journal of Business Analytics (IJBAN), IGI Global, vol. 1(3), pages 1-20, July.
    17. Paul, Jomon A. & Zhang, Minjiao, 2021. "Decision support model for cybersecurity risk planning: A two-stage stochastic programming framework featuring firms, government, and attacker," European Journal of Operational Research, Elsevier, vol. 291(1), pages 349-364.
    18. Chul Ho Lee & Xianjun Geng & Srinivasan Raghunathan, 2016. "Mandatory Standards and Organizational Information Security," Information Systems Research, INFORMS, vol. 27(1), pages 70-86, March.
    19. David Iliaev & Sigal Oren & Ella Segev, 2023. "A Tullock-contest-based approach for cyber security investments," Annals of Operations Research, Springer, vol. 320(1), pages 61-84, January.
    20. Simon, Jay & Omar, Ayman, 2020. "Cybersecurity investments in the supply chain: Coordination and a strategic attacker," European Journal of Operational Research, Elsevier, vol. 282(1), pages 161-171.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmdma:v:11:y:2011:i:5/6:p:324-343. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=19 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.