Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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4 Downloads (Pure)

Abstract

DDoS attacks are increasingly used by 'hackers' and 'hacktivists' for various purposes. A number of on-line tools are available to launch an attack of significant intensity. These attacks lead to a variety of losses at the victim's end. We analyse the impact of Distributed Denial-of-Service (DDoS) attack announcements over a period of 5 years on the stock prices of the victim firms. We propose a method for event studies that does not assume the cumulative abnormal returns to be normally distributed, instead we use the empirical distribution for testing purposes. In most cases we find no significant impact on the stock returns but in cases where a DDoS attack creates an interruption in the services provided to the customer, we find a significant negative impact
Original languageEnglish
Title of host publication2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP)
PublisherIEEE
Pages354-362
ISBN (Electronic)978-1-5090-6058-0
ISBN (Print)978-1-5090-6059-7
DOIs
Publication statusPublished - 27 Apr 2017
Event25th Euromicro International Conference on Parallel, Distributed and Network-based Processing, PDP 2017 - St. Petersburg, Russian Federation
Duration: 6 Mar 20178 Mar 2017
Conference number: 25

Conference

Conference25th Euromicro International Conference on Parallel, Distributed and Network-based Processing, PDP 2017
Abbreviated titlePDP
CountryRussian Federation
CitySt. Petersburg
Period6/03/178/03/17

Fingerprint

Attack
Announcement
Denial
Stock prices
Testing
Empirical distribution
Interruption
Stock returns
Event study
Cumulative abnormal return

Cite this

Abhishta, A., Joosten, R. A. M. G., & Nieuwenhuis, L. J. M. (2017). Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices. In 2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP) (pp. 354-362). IEEE. https://doi.org/10.1109/PDP.2017.82
Abhishta, Abhishta ; Joosten, Reinoud A.M.G. ; Nieuwenhuis, Lambertus Johannes Maria. / Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices. 2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP). IEEE, 2017. pp. 354-362
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abstract = "DDoS attacks are increasingly used by 'hackers' and 'hacktivists' for various purposes. A number of on-line tools are available to launch an attack of significant intensity. These attacks lead to a variety of losses at the victim's end. We analyse the impact of Distributed Denial-of-Service (DDoS) attack announcements over a period of 5 years on the stock prices of the victim firms. We propose a method for event studies that does not assume the cumulative abnormal returns to be normally distributed, instead we use the empirical distribution for testing purposes. In most cases we find no significant impact on the stock returns but in cases where a DDoS attack creates an interruption in the services provided to the customer, we find a significant negative impact",
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Abhishta, A, Joosten, RAMG & Nieuwenhuis, LJM 2017, Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices. in 2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP). IEEE, pp. 354-362, 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing, PDP 2017, St. Petersburg, Russian Federation, 6/03/17. https://doi.org/10.1109/PDP.2017.82

Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices. / Abhishta, Abhishta; Joosten, Reinoud A.M.G.; Nieuwenhuis, Lambertus Johannes Maria.

2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP). IEEE, 2017. p. 354-362.

Research output: Chapter in Book/Report/Conference proceedingConference contributionAcademicpeer-review

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Abhishta A, Joosten RAMG, Nieuwenhuis LJM. Analysing the Impact of a DDoS Attack Announcement on Victim Stock Prices. In 2017 25th Euromicro International Conference on Parallel, Distributed and Network-based Processing (PDP). IEEE. 2017. p. 354-362 https://doi.org/10.1109/PDP.2017.82