Abstract
For the corporate sphere, cybersecurity becomes an inescapable business responsibility, and accountability becomes a way of providing trust and ensuring resilience against cyber risks and high-impact cyber threats. The purpose of this study was to create a disclosure index that allows analysis of the scope of the disclosure of voluntary and mandatory cybersecurity information. The content analysis technique used focuses on the examination and identification of the cybersecurity information revealed in the annual reports and the 20 F annual forms of the companies with the highest stock market prices in Argentina, Brazil, Chile, Colombia, Mexico, and Peru during the period of 2016–2020. Longitudinal analysis indicates an increase over time in the disclosures and scope of information. The findings highlight that the country with the highest related disclosure is Argentina; the most extensive disclosures are due to the financial sector; and the strategy dimension represents the greatest weight in the index score. The study provides a novel instrument for measuring the content of disclosure on cybersecurity that is applicable in any specific context. In this case, the scope of disclosure in Latin America—a region which, according to our research, does not have previous studies on the subject—is evaluated.
Highlights
Accepted: 14 January 2022The World Economic Forum [1] presents among the emerging risks of high probability the cybersecurity failures generated by the rapid increase in digitization
During the period under study, a sustained growth was observed in the average cybersecurity disclosure index for all companies in the sample (Table 6)
The annual average score does not exceed 40% of the total score, a situation that denotes the possibility of significantly expanding the dissemination of information on cybersecurity in
Summary
The World Economic Forum [1] presents among the emerging risks of high probability the cybersecurity failures generated by the rapid increase in digitization. In this regard, professionals from the insurance industry across six regions of the planet, including Latin. Cybersecurity has become a major problem faced by most organizations [3], and in a digitally-connected world, it presents ongoing risks and threats to capital markets and companies operating in all industries [4]. According to King [5], technology is the source both of many future opportunities for an organization, as well as of potential disruptions, and is an excellent example of how risk and opportunity are increasingly becoming two sides of the same coin. According to Rashid et al [7], cybersecurity should be thought
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