Shannon Roddel | May 6, 2020
Data breaches have become daily occurrences. Research firm Cybersecurity Ventures reveals that in 2018 hackers stole half a billion personal records — a 126 percent jump from 2017 — and more than 3.8 million records are stolen in breaches every day, including recently the World Health Organization.
What corporate leaders may not realize is that strides they are making toward social responsibility may be placing a proverbial target on their backs — if their efforts appear to be disingenuous, according to new research from the University of Notre Dame.
A firm’s social performance, as measured by its engagement in socially responsible or irresponsible activities, affects its likelihood of being subject to computer attacks that result in data breaches, according to “Too Good to Be True: Firm Social Performance and the Risk of Data Breach,” forthcoming in Information Systems Research from Corey Angst, professor of IT, analytics and operations at Notre Dame’s Mendoza College of Business.
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