cyber
TRENDS
Director member for Banco Santander and Landstar System and member of Bitsight ’ s Advisory Board .
In the Cybersecurity , Audit and the Board report , Diligent and Bitsight analysed more than 4,000 mid to large-cap companies in public indices globally . Additional findings include :
Companies with measurably stronger cybersecurity performance deliver higher financial performance than their peers
• The average total shareholder return ( TSR ) for companies with advanced security performance ratings over a five-year and three-year period was 71 % and 67 %, respectively , while companies in the basic performance range delivered 37 % and 14 % TSR over the same time frames .
• Companies with a higher number of independent directors are more likely to have advanced security ratings . About 76 % of directors on the boards of these companies with advanced security ratings are independent , compared to 66 % in the basic security performance category .
Companies with specialised risk or audit committees have better cybersecurity performance
• The median cybersecurity rating for companies with specialised risk committees is 730 , compared to 720 for companies with just audit
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