In light of the rapid electronic development and digital transformation in the field of information technology, new risks and threats have emerged in the business arena, represented by cyber security risks, and as a result of the reliance of many companies on information technology, artificial intelligence, and electronic accounting systems, which places them facing a major challenge that affects the continuity of their business and thus their economic value. Therefore, the current study aimed to identify the risks of cyber security, the seriousness of this field’s threats to accounting information systems, and its impact on the company’s value. To achieve the research objectives, the researcher used the deductive approach to frame the theoretical side by using Arab and foreign references, periodicals, and the Internet, and the inductive approach to frame the practical side of the research through Presenting cyber security risks to accounting information systems and their impact on the company’s value in the local environment, based on extrapolating data and information for the research sample, and security risks were measured. Cyber security, relying on the Global cyber security Index (GCS) for the sample represented by Zain Iraq Telecommunications Company, and measuring the company’s value before and after its exposure to cyber security risks, and relying on the market scale model (Tobin’s Q), which is considered one of the most comprehensive measures for measuring value. It has been noted that Zain Iraq Telecommunications did not disclose in its annual report that it had been subjected to a cyber-breach that caused it to suffer a significant financial loss. The study revealed that adopting an annual report It is concerned with cyber security risks, in which data and information are presented with complete transparency and reliability by financial companies, which would increase users’ confidence in their financial information and improve their future performance in line with the strategies and solutions developed to confront the cyber risks fraught with their work, and this will provide a positive return on their reputation and thus increase their future value.