Cybersecurity: The need to match words with action

Companies slow to invest

Technology and digitalisation play a critical role in the evolution of business, the economy and our daily lives, with both developing at a rapid pace.

As this transformative digital journey continues to unfold, it is increasingly important for investors to keep up with the associated trends and risks. Cybercrime is one of biggest threats posed in today's digitalised world. However, while many companies have been quick to invest in their digital capabilities, they have been slower to invest in their cybersecurity. On the investment side too, little has been done to integrate this element into the selection process. Costs and opportunities The total, global costs of cybercrime were estimated at $6trn in 2021, a price that is expecte...