To Calculate or To Follow Others: How Do Information Security Managers Make Investment Decisions?

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dc.contributor.authorShao, Xiuyan
dc.contributor.authorSiponen, Mikko
dc.contributor.authorPahnila, Seppo
dc.date.accessioned2019-01-03T00:31:49Z
dc.date.available2019-01-03T00:31:49Z
dc.date.issued2019-01-08
dc.description.abstractEconomic models of information security investment suggest estimating cost and benefit to make an information security investment decision. However, the intangible nature of information security investment prevents managers from applying cost- benefit analysis in practice. Instead, information security managers may follow experts’ recommendations or the practices of other organizations. The present paper examines factors that influence information security managers’ investment decisions from the reputational herding perspective. The study was conducted using survey questionnaire data collected from 106 organizations in Finland. The findings of the study reveal that the ability and reputation of the security manager and the strength of the information about the security investment significantly motivate the security manager to discount his or her own information. Herding, as a following strategy, together with mandatory requirements are significant motivations for information security investment.
dc.format.extent10 pages
dc.identifier.doi10.24251/HICSS.2019.588
dc.identifier.isbn978-0-9981331-2-6
dc.identifier.urihttp://hdl.handle.net/10125/59926
dc.language.isoeng
dc.relation.ispartofProceedings of the 52nd Hawaii International Conference on System Sciences
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectInnovative Behavioral IS Security and Privacy Research
dc.subjectInternet and the Digital Economy
dc.subjectDecision-making; Herding strategy; Information security investment
dc.titleTo Calculate or To Follow Others: How Do Information Security Managers Make Investment Decisions?
dc.typeConference Paper
dc.type.dcmiText

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