Cybersecurity for investors: why digital defenses require good governance - AllianceBernstein

Cyber and data security is a hot topic across sectors. Investors must get to grips with the governance issues and growing business risks as a digitally powered world grapples with the need for more secure defenses.

Only members with restricted access (ie. academics, asset owners, government and regulatory, independent advisers/trustees and sponsoring employers) can view this article. Please login or join to view.

... Hacker attacks and data breaches have pushed cyber and data security to the top of company agendas everywhere. Investors must get to grips with the governance issues and growing business risks as a digitally powered world grapples with the need for more secure defenses.

Cyber and data security is a hot topic across sectors. Ever-evolving threats are forcing companies to continuously evaluate their defenses and readiness - to help minimize the damage of a potential attack. Public statements of preparedness often overstate the actual level of defenses in place.

Despite company awareness, cybersecurity isn’t a high priority for many investors. AllianceBernsteinthink that’s a mistake - especially since governance issues are an important component of an environmental, social and governance (ESG) focus. Unprepared companies risk financial losses, penalties and reputational damage that can undermine a business, brand and compromise a stock or bond’s return potential. They spoke with cybersecurity professionals across multiple fields and reviewed the regulatory landscape to provide guidelines for investors on assessing cyber-risk management.

Learn more here