When a company suffers a cyber breach, its stock price often takes a hit, but the timing, depth, and duration of that reaction are far less predictable. In this LABScon25 presentation, Mick Baccio and Scott Roberts explore whether public indicators of breach activity can be used to anticipate market response before formal disclosure.
Drawing on sources such as EDGAR filings, executive blog posts, ...
The research enters the debate over market efficiency and the value assigned to cyber risk by testing whether publicly available information provides a predictive edge for opportunistic trading. The core tension lies between the intuitive, event-driven approach and the more rigorous, model-based timeline analysis. The finding of "quantitized nihilism" suggests that the predictive power derived from public breadcrumbs may be significantly weaker than assumed by many analysts, implying that the ma...