Skip to main content

ICMA Centre academics to collaborate with businesses to diminish cyber risks

Dr Tony Moore, Lecturer in Finance and Dr Andreas Hoepner, Visiting Professor at the ICMA Centre are participating in a project which involves working with cyber security experts in the UK. They will be supporting global companies to challenge online threats and safeguard themselves from cybercrime.

Tony Moore

The Cyber Readiness for Boards project is a collaboration between researchers from leading universities including the ICMA Centre, part of the Henley Business School, UCL and Coventry University. Jointly funded by the National Cyber Security Centre (NCSC) and Lloyd’s Register Foundation, the project explores the factors which shape UK board decisions around cyber risk and develop intervention to provide guidance and support. The project also sees involvement from the Research Institute in Science and Cyber Security (RISCS) and RESILIA, which is a part of AXELOS Global Best practice.

Cybercrime has cost the UK economy between £11bn and £30bn each year according to figures from 2016. In their research conducted in 2018, the NCSC highlighted the pivotal role of private sector organisation boards in protecting their business against cybercrime. Understanding the nature and importance of cybercrime will help boards protect their companies.

Dr Tony Moore commented on the project:

It is now widely recognised that cyber security cannot be treated as a purely technical issue. Rather, cyber risk management needs to be addressed at board level and fully integrated into broader strategic and business planning.

The research team based at the ICMA Centre (led by Dr Tony Moore and Visiting Professor Andreas Hoepner) will run two of the project's work packages. The first will investigate the impact of board composition on cyber risk decision making, by identifying any characteristics of boards that correlate to a reduced probability of harmful cyber security incidents. The second will employ a natural experiment to assess whether investor engagement on the issue of cyber-security can encourage corporations to raise their awareness of cyber risks. Their research findings will contribute to an evidence-based review of board structure and training. First year results are expected to be delivered from September 2019 and the project will conclude in September 2020. Find out more about Dr Andreas Hoepner's research here.

View Profile Find out more about Dr Tony Moore's research here.

View Profile

Dr Tony Moore

 Lecturer in Finance
Dr Tony Moore
Published 20 March 2019
Topics:
Research news

You might also like

Research Excellence Award Winner

17 September 2018
A research paper co-authored by ICMA Centre Academic Dr George Alexandridis on Economic information discovery across commodity markets has won a prestigious award at a leading annual conference of the International Association of Maritime Economists (IAME), which took place in Mombasa, Kenya on 11-14 September 2018.

The LIBOR/ TIBOR ‘Scandal’

12 February 2013
The large fine imposed on RBS last week suggests that a ‘scandal’ took place in the banking world over the setting of LIBOR. Yes – there was probably systematic mis-pricing of LIBOR which enabled some traders and some banks to profit at the expense of others. But the LIBOR issue simply highlights a much wider problem in financial markets which is that many ‘prices’ quoted in markets are not market prices at all. Instead they are prices based on computer models, matrix pricing or sheer guesswork, which may or may not produce ‘accurate’ prices. The reason for using computers models and guesswork is that in many financial products there actually are no transactions at all or very few even over periods of some weeks or months and thus no market prices.

Congratulations on your A level results!

21 August 2013