By Shira Stein, Bloomberg BNA
More public companies described “cybersecurity” as a risk in their financial disclosures in the first half of 2017 than in all of 2016, suggesting that board and C-suite fears over data breaches may be escalating.
A Bloomberg BNA analysis found 436 companies cited “cybersecurity” as a risk factor in their Securities and Exchange Commission periodic filings in the first six months of 2017, compared to 403 companies in 2016 and 305 companies in 2015.
“Cybersecurity is no longer just an IT issue,” Christopher Pierson, executive vice president, general counsel, and chief security officer at Orlando, ...
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