Due to inclement weather, the Cybersecurity Forum will start at 10 a.m. Researchers and Senior Executives to Explore Policy-Based Solutions Cyberattacks on companies worldwide increased by 48 percent from 2013 to 2014 as roughly 42.8 million data security breaches cost firms hundreds to potentially millions of dollars (according to this recent study). 

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. Loeb, who teaches accounting and information assurance and is a Deloitte & Touche Faculty Fellow, has a total of 10 Nobel Laureates on that list, including Kenneth Arrow, Eric Maskin and now Tirole.

Don’t blame bailouts for excessive risk taking, one researcher said May 29, 2014, during a daylong accounting conference at the University of Maryland’s Robert H. Smith School of Business. 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.

College Park, Md. – November 14, 2012 – World-leading cybersecurity researchers at the University of Maryland’s Robert H. Smith School of Business won a significant grant from the Department of Homeland Security to develop economic models for cybersecurity investments. Professors Lawrence Gordon and Martin Loeb – along with colleague William Lucyshyn from the School of Public Policy -- received one of just 34 contracts awarded to 29 academic and research institutions for research and development of solutions to cybersecurity challenges.

The Smith School's academic departments and research-focused centers of excellence combine leading scholars and industry veterans who truly understand the importance of risk management. Smith faculty and practitioners explore issues related to how risk impacts financial decisions, supply chains and the broader global economy.

College Park, Md. – January 21, 2009 – The University of Maryland’s Robert H. Smith School of Business invites innovative solutions to one of the 21st century’s most pressing concerns – how to allocate scarce resources to protect the massive amount of personal and sensitive data available on computer networks and online. The selection committee is now accepting essay submissions for the Gordon Prize in Managing Cybersecurity Resources.

Research by Larry Gordon and Martin Loeb The Sarbanes-Oxley Act has caused an increase in the voluntary disclosure of firms’ information security activities.

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. A brief overview of recent key research is now being made available to Chinese scholars through a translation on Gordon's Web site. It is the pairs first foray to directly connect their counterparts in China with the results of their research.