Cyber risk has risen to the top of the corporate agenda but few company leaders are aware of the full extent of damage caused by a cyber breach — or the full costs. CGI has worked with Oxford Economics to create a rigorous model that captures the damage done by cyber breach to a company’s share price.
The Cyber-Value Connection reveals that share prices fall by an average of 1.8 per cent on a permanent basis following a severe breach. To put that in context, investors in a typical FTSE 100 firm would be worse off by an average of £120 million.
However, in some extreme cases, breaches have wiped as much as 15 per cent off affected companies’ valuations, substantially more than this sum.
The damage to shareholder value is significant today — but The Cyber-Value Connection analysis suggests severe cyber breach will become even more costly in the future as industry analysts include cyber as a factor affecting valuation and new regulation demands that companies disclose incidents.
Clearly, the CEO has responsibility for increasing company value. With the link between cyber breach and company value established in this report, it is clear the CEO’s responsibility must also include direction and governance of cyber security. The Cyber-Value Connection concludes with advice on how they can challenge their organisation and put in place effective governance.
Key findings of the 2016 Cyber in the Boardroom: UK plc at risk paperp included:
Creating a diverse and inclusive work environment is essential in order to compete for top talent amidst changing demographics. This infographic points to the business benefits of diversity and illustrates how the working population is changing in terms of gender, age, race and ethnicity.
The biggest mobile show on earth, Mobile World Congress, is about to take place in the Mobile World Capital of Barcelona for the 13th year in a row. At this year's event, the prominent theme is "creating a better future with mobile technology," with mobile communication now reaching nearly 5 billion
Tired of buzzwords, glitchy new handsets, smartwatches, talks about how AI will replace employees, virtual reality shopping replacing physical stores, and other technology trends that hardly impact you in the short term? Then this is the trend report for you. We believe that the winners of th
Are you doing everything you can to retain your current employees? In an increasingly tight market, organisations should be implementing solid retention strategies that include creating a great culture, offering development opportunities and competitive pay rises.
DevOps can drive process benefits to an enterprise For those of you that have been stuck under a rock for the last few years, DevOps is a way of developing, deploying and supporting applications in the most responsive and coordinated way possible. Once it becomes established on a running pr
31st January is the day workers are most likely to hand in their notice. If you are one of these people looking to move on then it's important to hand in your notice the right way. We Brits generally don't enjoy confrontation or awkwardness, so for most people, giving notice is not usually an enj
Upon reading the news headlines this morning, I was astounded to see this story detailing that one tweet from Kylie Jenner, a reality TV star, had knocked $1.3bn off Snapchat's stock market value. It begs the questions why did this happen and what could Snapchat have done to avoid it? Snapcha
First things first, this is not an attempt to excuse what Jamie did. Just an examination of some of the factors that might have been at play and what we can learn to stop ourselves from reacting badly to situations. I'm probably not the only one who was quite surprised to see Jamie Carragher in t
To be honest, I hate using the word digital. To me saying that a company is digital is about as useful as saying it runs on electricity. It’s what you do with digital technology to achieve your organization's goals that makes the difference. Digital should be part of the DNA of th
By Applied Influence Group Prior to Barack Obama's decision in April 2016 to authorise the mobilisation of ground troops in Iraq and Syria, he had called the US' intervention in the region 'a dumb war', he had opposed previous troop surges during the Bush administration, promised to withdraw all
The UK relies heavily on the immigration of EU citizens to make-up its workforce. Over 2 million EU nationals work in Britain and over a fifth of UK start-ups are led by EU entrepreneurs. Brexit may mean the end of free movement of EU citizens as restrictions on immigration are put i
I love Google Translate. It was in August 2016, in Rio de Janiero, when our eyes first truly met. I picked up Google Translate on my iPhone at the 2016 Olympics, and it turned out to be a lifesaver. Alone in the city, it allowed me to get around the city without having to depend on
The always-on nature of work has contributed to a decline in annual leave usage. Unused holiday time not only hurts the economy due to lower holiday spend, it perpetuates a culture of burnout, ultimately reducing employee productivity. The antidote to this is for employers to create a co
First things first, this is not an attempt to excuse what Jamie did. Just an examination of some of the factors that might have been at play and what we can learn to stop ourselves from reacting badly to situations. I'm probably not the only one who was quite surprised to see Jamie Ca
Changes to Anticipate with Enterprise DevOps DevOps in a larger, mature organisation is different from its small and brave counterparts. For a start, it is far harder to embrace change. So when a movement like DevOps comes along, with its commitment to agile, it can be hard to re-organise and
The end of the tax year presents a final chance to make use of tax allowances and exemptions that can give children a big step up the financial ladder. "Saving is a very fine thing. Especially when your parents have done it for you." As the intergenerational wealth divide widens, Winston Chur
To be honest, I hate using the word digital. To me saying that a company is digital is about as useful as saying it runs on electricity. It's what you do with digital technology to achieve your organization's goals that makes the difference. Digital should be part of the DNA of the organization and
I love Google Translate. It was in August 2016, in Rio de Janiero, when our eyes first truly met. I picked up Google Translate on my iPhone at the 2016 Olympics, and it turned out to be a lifesaver. Alone in the city, it allowed me to get around the city without having to depend on anyo