Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/280667 
Year of Publication: 
2023
Series/Report no.: 
AEI Economics Working Paper No. 2023-06
Version Description: 
Updated June 2023
Publisher: 
American Enterprise Institute (AEI), Washington, DC
Abstract: 
We compile a comprehensive dataset of adverse cyber events experienced by U.S. firms. We then categorize cyber incidents by their detrimental impacts on firms' assets and operations and show that firms suffer significant value losses across multiple cyber categories. These losses also spill over to economically linked firms, thereby amplifying the negative effect of malicious cyber activity on the economy. We additionally assemble a lexicon to identify from public sources firms that possess trade secrets, work on emerging technology or critical infrastructure projects, or have government and defense contracts, and show that such firms face a higher risk of a cyber incident.
Subjects: 
Cyberattacks
Malicious Cyber Activity
Cyber Threat Actors
Attack Vectors,Intellectual Property Theft
Trade Secrets
Critical Infrastructures
Emerging Technologies
De-fense Contracts
Government Contracts
Spillover Effects
Economically Linked Firms
CorporateTransparency
Document Type: 
Working Paper

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