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The Center for Education and Research in Information Assurance and Security (CERIAS)

The Center for Education and Research in
Information Assurance and Security (CERIAS)

Tawei (David) Wang - DePaul University

"Firm’s Response Strategies after Data Breaches and Stock Market Reactions"

Oct 21, 2020


Recent high profile data breaches have once again attracted the public’s attention. Though studies have investigated various aspects of data breach issues, breached firms’ responses to the public are still under investigated. In this study, we explore the nature of response strategies and how different types of responses may influence the market values of breached firms. Using a sample of data breaches from 2005 to 2018, this study provides managerial implications on the response strategies in order to mitigate the negative impact after data breaches.

About the Speaker

Tawei (David) Wang is currently an Associate Professor and Driehaus Fellow at DePaul University. He received his Ph.D. from Krannert Graduate School of Management, Purdue University in 2009. His research interests are information security management and IT management. His papers have appeared in several leading journals, including Information Systems Research, Accounting Horizons, Decision Support Systems, European Journal of Information Systems, Information and Management, Information Systems Journal, International Journal of Accounting Information Systems, Journal of Accounting and Public Policy, Journal of Banking and Finance, Journal of Information Systems, among others. He received several research awards and is currently the 2nd most productive researcher in accounting information systems archival research based on the Brigham Young University accounting researcher ranking. His articles have been downloaded more than 37,000 times through Science Direct. He mainly teaches audit data analytics and has been invited by universities and conferences to discuss curriculum design and analytics teaching strategies. He was a speaker of data analytics at a chief audit executive roundtable hosted by the Institute of Internal Auditors, a speaker of cybersecurity and analytics at a American Accounting Association's bootcamp and involved in the development of cybersecurity curriculum guidelines by ACM. He was also a panelist talking about cyber risk in a workshop hosted by the Federal Reserve Bank. He was selected to be the KPMG James Marwick Professor in Residence in 2018 and is currently the President of the American Accounting Association Midwest Region.

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