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The authors develop a conceptual framework for conditions under which news of a major customer data breach at a U.S. retail firm is likely to decrease other U.S. retailers' shareholder value. Using the massive data breach at Target Corporation as their empirical context, and an event study of 168 publicly listed U.S. retailers as their methodology, the authors find considerable support for their framework. Results indicate that the Target data breach resulted in negative abnormal returns for other U.S. retailers, and that the strength of this contagion effect was moderated by factors related to retailers' (a) size and product market similarity with Target, (b) governance-related tie-strength with Target, (c) information technology-related ability to prevent a similar breach, (d) marketing ability to respond effectively in the aftermath of a similar breach, and (e) corporate social responsibility. The authors show that although a major retail data breach may result in an intra-industry spillover, managers can use factors related to information technology, marketing, and corporate social responsibility to help insulate their firms from this contagion effect., Author(s): Saim Kashmiri [sup.1] , Cameron Duncan Nicol [sup.1] , Liwu Hsu [sup.2] Author Affiliations: (1) 0000 0001 2169 2489grid.251313.7School of Business Administration, University of Mississippi, University, Holman 252, 38677, [...]

The author examines the growing increase of terrorist acts and terrorist groups around the globe. Topics include use of extreme violence against civilians, international terrorism in South Asia, and terrorist methodology.

The author examines the growth of organized crime in Europe. Topics include economic impact of transnational organized crime, criminal violence, and the threat they represent to democratic societies.

This article examines the problems posed by identity theft for both consumers and businesses, focusing on the development of new security practices to prevent this crime. Topics include how identity theft is handled by victims, credit card companies, credit reporting agencies, and the US federal government.

Dozens of health-care and pharmaceutical firms have been targeted by a band of hackers, the cybersecurity firm FireEye of Milpitas, California, announced in a report released on 1 December. Because [...]