cyber
TRENDS
New research shows cybersecurity is an organisation-wide issue , and stronger board oversight practices lead to better cybersecurity performance .
Diligent and Bitsight report reveals highperforming cybersecurity firms increase shareholder returns
ompanies with advanced
C cybersecurity performance create 372 % higher shareholder return compared to their peers with basic cybersecurity performance , according to a new report from Diligent and Bitsight .
The report also reveals that highly regulated industries , such as healthcare and financial services , have the highest cybersecurity ratings , and companies with either a specialised risk committee or audit committee achieve better cybersecurity performance compared to those with neither , with ratings of 710 and 650 respectively .
“ These findings show that cybersecurity is not just an IT problem – it is an enterprise risk that has material impact on a company ’ s near-term performance and long-term health , and one that management and the board needs to be up to speed on ,” said Keith Fenner , SVP and GM EMEA at Diligent .
“ With the cybersecurity threat and governance landscapes in the UK becoming more sophisticated and complex , now is the time for boards and leaders to build their competency around cyber-risk .”
“ Cybersecurity is no longer about simply mitigating risk , it ’ s now a key indicator of financial performance . Companies must treat cybersecurity as a cornerstone of their business strategy , guided by clear , ambitious benchmarks , and backed by the full support of their boards ,” added Dr . Homaira Akbari , CEO of AKnowledge Partners , Board of
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