It shouldn’t take an official report by Moody’s to tell investment firms that cyber-attacks are an ever-increasing threat to companies’ financial stability. Yet the same firms remain cyber-security laggards: the report found that nearly half of investment firms have no form of cyber insurance, and that while overall spend is increasing, it’s not leading to more robust defences.
That some investors don’t have their own house in order is certainly cause for concern. More worryingly perhaps, is that it can undermine how thorough they can be when considering the cyber preparedness of their portfolio companies – something which too often remains a piecemeal part of the investment process.
Falanx Group plc (LON:FLX) is an AIM-listed security and intelligence provider based in London in the United Kingdom. Falanx Group is a team of security professionals and technology experts who work in close partnership with our clients to help them defend against a wide range of global security threats.