The information revolution has not only introduced new technologies, but has also changed the way business is conducted. Economic transactions increasingly take place via digital networks, and a critical part of this interconnectivity is the way organizations have integrated accounting and financial management systems with Internet-based applications.
Earlier this week, French economist Jean Tirole won the Nobel Prize in economics. The news reverberated throughout the University of Maryland’s Robert H. Smith School of Business, especially when Professor Martin Loeb added Tirole to his list of Nobel Laureates who have previously cited his work.
Lawrence A. Gordon, Ernst & Young Alumni Professor of Managerial Accounting, and Martin Loeb, professor of accounting and information assurance and Deloitte & Touche Faculty Fellow, are pioneers in the economics and financial management of cybersecurity resources.
The security of information is a fundamental concern to organizations operating in the modern digital economy.
The Fourth Annual Forum on Financial Information Systems & Cybersecurity: A Public Policy Perspective, held on May 23, 2007 at the Robert H. Smith School of Business, brought together experts and industry professionals from around the globe to discuss risk management issues related to information security.
Research presented at the third annual Journal of Accounting and Public Policy Conference in College Park, Md., shows how the expectation of a safety net — which comes with strings attached — actually reins in shareholders and managers with limited liability.
Smith School of Business Professor Lawrence A. Gordon recently co-developed a formula to determine how much a company should invest in cybersecurity. Now, he targets University of Maryland honors students with this innovation.
His course, Accounting and Economic Aspects of Cybersecurity, introduces financial management principles to a discipline grounded in computer science and engineering.
A paper by Sandor Boyson, research professor and co-director of the Supply Chain Management Center, titled “Unified Communications: Leading Advances in Global Decision Making & Economic Development,” was published in the World Economic Forum’s 2008 Global Information Technology report.
The Sarbanes-Oxley Act has caused an increase in the voluntary disclosure of firms’ information security activities.