DATE PUBLISHED: OCTOBER 26, 2022
The risks posed by a cybersecurity breach are similar to environmental, social and governance issues, which can lead to loss of customer confidence, reputational damage, potential impact on the stock price, and possible regulatory actions or litigation. Several recent events underscore the close relationship between cybersecurity and all the other main pillars of ESG risk, yet many companies and their stakeholders still view cyber and technology issues separately from other ESG concerns.
In this new report, ISS Corporate Solutions examines the links between cybersecurity and other ESG issues. We also explore how companies can address these risks and respond to rising stakeholder concern, for example through the use of cyber-risk ratings.