ISS ESG, the sustainable investment arm of Institutional Shareholder Services, has launched the ISS ESG US Cyber Risk Index, which aims to support investors in identifying and tracking companies with low or negligible cyber-related risks.
Based on the ISS ESG Cyber Risk Score, the index is designed to signal the relative likelihood that an organisation may suffer a material cyber security incident within the next year, based on its external security posture.
Hernando Cortina, head of index strategy at ISS ESG, said: “The cost of corporate cyber breaches can run in the hundreds of millions of dollars per incident. For investors, the launch of ISS ESG’s US Cyber Risk Index provides an investible tool to screen for companies with low or negligible expected relative exposure to cyber breaches within the next 12 months."
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