Better Business Bureau report on "The State of Cybersecurity Among Small Businesses in North America" highlights the Gordon-Loeb Model for Cybersecurity Investments.
"The State of Small Business Cybersecurity emphasizes the need not only for education and training, but for cost-benefit analysis of cybersecurity measures. The report suggests a formula created by two professors at the University of Maryland, Martin P. Loeb, PhD and Lawrence A. Gordon, PhD, to help small business owners estimate their risk from cybersecurity attacks and calculate an appropriate investment in prevention."
We are proud to announce that Dr. Michael Kimbrough has been named the Cohn-Reznick Fellow in recognition of the excellence exhibited across all dimensions of research, teaching and service.
2014 Undergraduate Studies Faculty Fellows
Dr. Progyan Basu has been selected for the 2014 Undergraduate Studies Faculty Fellows at the University of Maryland. During the 2014-15 academic year, the Undergraduate Faculty Fellows will participate in a faculty learning community that will consider the challenges and opportunities in teaching large enrollment courses and seek to understand and define these courses as uniquely important for student success.
Large enrollment courses are among the first courses new students take at UMD. To the extent that these courses introduce students to college level work, they also ideally model what we expect of students. This program will be led by Ann Smith, Assistant Dean, and Lisa Kiely, Assistant Dean, in the Office of Undergraduate Studies. Their work will include collaboration with Associate Provost Ben Bederson and the Teaching & Learning Transformation Center (TLTC), along with consideration of how learning analytics may support teaching and learning.
It is an honor for Dr. Progyan Basu to represent the Smith School of Business and be recognized for his contributions to improving the learning experience of University of Maryland students.
2013 University Alumnus Award Goes to Dr. Yang-Tzong (Jimmy) Tsay
Dr. Yang-Tzong (Jimmy) Tsay will be awarded the University of Maryland’s 2013 Graduate Studies Distinguished Alumnus at the Alumni Association Awards Gala on October 25, 2012. Jimmy earned a PhD in accounting from Maryland in 1988. Dr. Lawrence A. Gordon (Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance) chaired Dr. Tsay’s Dissertation Committee and Dr. Martin P. Loeb, also (Deloitte & Touche Faculty Fellow, Professor and Chair of the AIA Department) served on Jimmy’s dissertation committee. After his doctoral work, Jimmy returned to his home country to accept a faculty position at National Taiwan University. Dr. Tsay quickly moved up the ranks, and served as the Chairman of the Department of Accounting from 1997 to 2000. He was instrumental in setting up NTU’s masters program in accounting (currently ranked #1 in Far East Asia) as well as their doctoral program. Dr. Tsay organized the University of Maryland Alumni Association in Taiwan (for all Maryland alumni, not just accounting or business alumni). This chapter has become the biggest UMD alumni body outside North America. Dr. Tsay is currently the President-elect of the Asia-Pacific Management Accounting Association. He will become the President as of January 1, 2014.
Gordon-Loeb Model featured in the Financial Times
May 20, 2013 - Maryland professors weigh up cyber risks
Recruiters Rank Smith School Accounting Program No. 7
University of Maryland Ranks No. 8, According to Wall Street Journal Survey
College Park, Md. — Sept. 14, 2010 — The University of Maryland’s Robert H. Smith School of Business is a favored source for accounting hires, according to a Wall Street Journal survey of recruiting executives released yesterday. Participants were asked to rank schools that produced the best-qualified graduates for their industries, overall and by major. The Smith School’s accounting major ranked No. 7 by recruiters, and the University of Maryland as a whole ranked No. 8 on the survey.
University of Maryland Business Professor Honored with Prestigious Accounting Award
College Park, Md. — August 26, 2010 — The University of Maryland’s Robert H. Smith School of Business today announced Stephen E. Loeb, the Ernst & Young Alumni Professor of Accounting and Business Ethics, was honored with the 2010 Accounting Exemplar Award for his notable contributions to professionalism and ethics in accounting education. The award is given by the Public Interest Section of the American Accounting Association. Loeb received the award at the Accounting Exemplar luncheon on August 1, during the association’s annual meeting in San Francisco.
Jim McKinney, recipient of the Academy of Accounting Historians Vangermeersch Outstanding Manuscript Award.
Gordon Prize in Managing Cybersecurity Resources Awarded
Researchers from Technische Universität Dresden in Germany and Harvard University won for their essay titled “The Iterated Weakest Link.” The Gordon Prize is named for pioneering cybersecurity expert Lawrence A. Gordon, the Smith School’s Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance.
Smith Professor Creates Gordon Prize in Managing Cybersecurity Resources
Lawrence Gordon, Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance, is committed to raising awareness of the issue of cybersecurity and its importance to business and government leaders.
Professor Lawrence Gordon Testifies to Homeland Security Congressional Committee
Lawrence A. Gordon, Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance, gave testimony concerning his research (with Dr. Martin Loeb, professor of accounting and information assurance and Deloitte & Touche Faculty Fellow) on cybersecurity economics to the U.S. House of Representatives Subcommittee on Homeland Security on October 31, 2007.
Smith's Larry Gordon to Speak at London School of Economics' Management Accounting Research Group
Larry Gordon, Ernst & Young Alumni Professor of Managerial Accounting and Information Assurance and director of the Ph.D. Program, will be the plenary speaker at the London School of Economics' Management Accounting Research Group (MARG) Conference on April 6, 2006. The conference is sponsored by the Department of Accounting and Finance at LSE, the Chartered Institute of Management Accountants (CIMA) and the Institute of Chartered Accountants in England and Wales (ICAEW), with a theme of "Risk Management & Financial Control."
Management accounting practices revolve around organizational control issues. Never before have interdependencies between corporate control concerns, risk management priorities and security technology and computer assurances been more significant to management and management accounting processes. This year's MARG Conference places these concerns and cybersecurity issues -defined widely as the control of computer-based system vulnerabilities including the managerial use of systems - center stage and discusses a variety of aspects of risk management and management accounting.
"My talk, Risk Management and Cybersecurity: A Management Accounting Perspective, will focus on my research with Martin Loeb in the area of economic aspects of cybersecurity," says Gordon. Gordon goes on to note that "the high academic profile of LSE's accounting faculty, coupled with the fact that the two main professional accounting organizations in the UK, are cosponsors of this conference provides strong evidence that our research is having an important impact on the field of accounting as well as the field of computer science." There should be at least 150 individuals in attendance at the 2006 MARG Conference, with a roughly even split between academicians and senior executives/practitioners.
Gordon is the co-author (with Martin Loeb) of the highly acclaimed new book from McGraw-Hill's Professional Division entitled Managing Cybersecurity Resources: A Cost Benefit Analysis. This book was written in order to bring Gordon and Loeb's research on cybersecurity to a wider audience. Visit the London School of Economics Web Site for more information.
Professor Steve Loeb, who coauthored with Dan Ostas (a former Smith School professor, now at the University of Oklahoma) won The Ralph C. Hoeber Award for the outstanding article 2002-2003 in the Journal of Legal Studies Education. The paper was: Teaching Corporate Social Responsibility in Business Law and Business Ethics Classrooms, Journal of Legal Studies Education Winter/Spring 2002, pp. 61-88. Professor Steve Loeb is a faculty member in the Accounting and Information Assurance Department at the Smith School.
Larry Gordon and Marty Loeb Pen Washington Business Journal Column [MORE ]
Nerissa C. Brown, PhD Candidate, was awarded the Best Paper Presentation Award at the Center for Corporate Reporting & Governance Conference held in Costa Mesa, CA, on 9/18/04. Nerissa presented a working paper from her dissertation titled Herd Behavior in the Voluntary Disclosure of Capital Expenditure Forecasts. The Center is based at Cal State Fullerton with Board Members from the Big 4, SEC, Purdue, UCLA.