Call us now:
A very interesting read, the World Economic Forum (WEF) 2022 global risk report. As expected cyber is up there in the top risks with 2021 being a year for Ransomware up 435% on 2021 and a lack of skilled resources on one side of the coin and a digital market expected to be 800Billion by 2024 on the other. But for me that’s not the headline.
This comes on page 52. It is the first time that I have seen cyber and its impact on ESG openly discussed. Raising the concern that businesses that fail to demonstrate strong corporate governance around cyber security will suffer reputational damage from ESG investors. Cyber plays an increasingly important role in good corporate governance. Along with the rise in ransomware attacks between 2020 and 2021, increased cyber regulation emanating from the US and challenges with cyber insurance, ESG will present challenges for the board room.
Boards face a difficult situation delivering cyber that could be compounded if investors believe that it is not being managed. That will be demonstrated by governance reporting and cyber-attacks. Capital markets provide liquidity for public firms, controlled by large, medium and small investors. Liquidity that could be impacted by the ESG regime if companies fail to manage cyber, that in the US is regulated by the SEC.
#cyberlegal‚Â #legal‚Â #cybersecurity‚Â #cyberriskmanagement‚Â #compliance‚Â #regulatorycompliance‚Â #cyberregulation‚Â #ransomeware‚Â #nist‚Â #cyberinsurance #esg #cybergovernance
View Original Post
https://www.linkedin.com/feed/update/urn%3Ali%3AugcPost%3A6888751065022394369