US-Russia geopolitical risk and corporate cybersecurity risk: Evidence from 10-K reports
Journal: Research Square
Year: 2024

Abstract As crimes, terrorism, and modern conflicts are no longer confined to the physical world, cyberspace is becoming a new frontier in warfare and political conflicts. In this paper, we investigate how Russia-related geopolitical risk drives corporate cybersecurity in US firms during 2006–2018. We show that the variations in US-related geopolitical risk alone explain more than 29% of the variation in US firms’ cybersecurity risk, suggesting that US-Russia geopolitical tensions stimulate cybe