Crosignani, Matteo
[VerfasserIn]
;
Macchiavelli, Marco
[Sonstige Person, Familie und Körperschaft];
Silva, André F.
[Sonstige Person, Familie und Körperschaft]
Pirates without Borders
: the Propagation of Cyberattacks through Firms’ Supply Chains
Erschienen in:FRB of New York Staff Report ; No. 937
Umfang:
1 Online-Ressource (45 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.3664772
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 15, 2020 erstellt
Beschreibung:
We document the propagation through supply chains of the most damaging cyberattack in history and the important role of banks in mitigating its impact. Customers of directly hit firms saw reductions in revenues, profitability, and trade credit relative to similar firms. The losses were larger for customers with fewer alternative suppliers and suppliers producing high-specificity inputs. Internal liquidity buffers and increased borrowing, mainly through bank credit lines, helped affected customers maintain investment and employment. However, the shock led to persisting adjustments to the supply chain network