The Digital Age offers a range of opportunities for both individual and corporate users, but at the same time poses numerous risks and challenges to companies operating in various sectors.
Data breaches have been on the rise in recent years, and hackers will target any sector, as long as the attack can bring gains. While the number of hacking incidents dropped by 25 per cent in 2017, cybercriminals are increasingly shifting focus to ransomware attacks where instead of stealing large amounts of data, they prevent users from accessing their files, demanding ransom to restore this access.
Cybersecurity has, therefore, become an issue of concern not only to companies that are directly exposed to the attacks, but also to investors and other stakeholders who seek stable and trustworthy investing environments. The engagement will run for three years and focus on up to 20 companies in the healthcare, telecommunications, manufacturing, financial services and transportation sectors. These sectors have the highest number of data breach incidents and the breaches are all material, leading to impact on stock performance.
For more information, please see our Stewardship & Risk brochure, or contact the responsible Engagement Manager.
This engagement project is open for investors and will start when there is sufficient participation.