IT Security from pionline.com: “Cybersecurity becoming big ESG concern”

Cost of breaches puts issue at forefront of asset owners’ agenda.

Cybersecurity is becoming big ESG (Enterprise Strategy Group) concern.

Cybersecurity is moving up the agenda for institutional investors and their money managers as a responsible investment consideration, as several high-profile attacks and breaches bring the issue to the front of investors’ minds.

Sources at retirement plans and money management firms said the issue is being considered in particular when thinking through environmental, social and governance factors within investment portfolios.