The rapid expansion of Internet of Things (IoT) devices and services is continuing and even being catalyzed by the COVID-19 pandemic with the number of Internet-connected devices already far exceeding the number of people on the planet, leading to widespread implications for natural and digital...

Cybersecurity breaches pose a substantial privacy concern in the digital era. We investigate how customers respond to privacy leakage in multiple unexpected data breaches. Difference-in-differences estimates show that digital payments declined by 4.6% ~ 7.5% relative to cash payments immediately...