Cybersecurity Predictions: In 2020, several publicly traded, Fortune 1000 companies, will face the same fate as Equifax | Vumetric

In 2020, several publicly traded, Fortune 1000 companies, will face the same fate as Equifax. Due to holes in their security posture and in their third-party business partners’ (and lack of visibility into these issues), data breaches will plague these organizations. Corporate reputations will be jeopardized, and execs and boards alike will face severe legal and financial ramifications. Additionally, the same lack of continuous monitoring for potential security issues will lead to data breaches that threaten major M&A activity. In turn, fed up with the breaches, attacks, and frauds impacting revenue, shareholder suits targeting board members will gain traction, forcing boards to take a larger, more informed role in cyber. As the role of cybersecurity becomes ever more important, investors will keep a closer eye on how companies perform in this area, going so far as to incorporate cyber into their ESG analysis

Jake Olcott, Vice President, Communications & Government Affairs
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