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Historical Progression Of The Proactive Cybersecurity Industry

851 Words4 Pages

The significance of defending businesses from cyber-attacks has grown drastically over the last few years. Even if they are innovative new startups or centuries old multi-billion-dollar corporations they are prone to cyber-attacks. Even recently a ransonware called WannaCry targeted and got money from many major corporations in the worldwide. Also, many companies get attacked often and get much of their private user information leaked on the web that can cause the company many lawsuits, investigations, and negative publicity. Recent instances of the leaks include the WikiLeaks leaking private C.I.A. information, Target credit card information leaks, and the famous Sony leak that leaked the film, The Interview, before it released in theaters. …show more content…

This article examines latest business realities and regulatory trends determining the proactive cybersecurity industry. To provide a background for the paper, they begin by recounting the historical progression of the field and how it has been shaped by the relevant laws in the United States and other G8 nations around the world. Then they list the proactive cybersecurity practices of more than twenty companies, focusing on four case studies that they consider in the perspective of polycentric international security congregations. Finally, they evaluate the development of proactive cybersecurity norms, both within industry and international law, and study the effects of this movement on modern Internet governance discussions about the role of the public and private sectors in regulating cyberspace. Finally, they determine that proactive cybersecurity, particularly if practiced with better legal clarity and global cooperation, establishes an opportunity for polycentric partnerships to result in better protected IT assets (Craig, Shackelford, & Hiller,721-787). This article relates to a comparative industry and regulatory analysis by explaining how nations around the world, over the years have utilized proactive cybersecurity …show more content…

Designing and using management control systems can play a vital role in dealing with cybersecurity issues that have emerged along with the development of the Internet. Effective management control systems would decrease a company's probability of suffering major damages from cybersecurity breaches. Learning from and extending on the pre-existing agency-based capital budgeting research, this research validates the significance of the analysis of management accounting controls to issues developing in the cybersecurity field. The main result is that businesses can use an information security audit along with alterations to the compensation payments to the agent and the investment decision guidelines, to alleviate a Chief Information Security Officer’s innate empire building preferences. The research also recognizes further research areas where management accountants with expertise in management control systems can be helpful to the academic works and practice surrounding cybersecurity problems (Gordon, Loeb, Sohail, Tseng, & Zhou,215-241). In this article, the researchers discuss about the utilization of management control systems to have an effective cybersecurity, which may assist in bridging the gap between management and cybersecurity

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