The impact of Cyber Security Breaches on Corporate Bond Ratings

My research seeks to discover the impact of cybersecurity breaches on corporate bond ratings. A cyber breach is considered a firm's failure to protect information systems from cyber threats, including protecting client, employee, and stakeholder information. My hypothesis is that after a firm undergoes a cybersecurity breach, it will receive a downgrade in its corporate bond rating. I will be utilizing Stata to perform a multinomial logit difference in difference model to discover the impact of a firm's bond rating 90 days before and 90-365 days after a cyber security breach. The anticipated outcome of this study will be discovering the impact of cyber breaches on corporate bond ratings.