In today’s data-driven world, cybersecurity has emerged as one of the biggest threats to the global economy and is one of the top risks facing businesses worldwide. Data constitutes a staggering 90% of intangible asset value across companies, and with the average cost of a data breach now estimated at $4.45m, the stakes have never been higher. It is therefore not surprising that cybersecurity is increasingly at the forefront of corporate ESG agendas.
This article leverages insights from ERM’s internal cybersecurity experts and data to explore the cybersecurity landscape, how it pertains to ESG, and how corporate ESG and sustainability teams are addressing it.