A farewell to arms: ESG 'firewall' essential in cyber security portfolios

Thorough screening of stocks required

The cybersecurity sector has attracted a lot of investor attention of late, fuelled further by the sheer number of Covid-19 related cyber-attacks in lockdown.

There's no doubt that the sector is on the cusp of a huge growth surge given some recent very high-profile data breaches such as easyJet, Twitter, Instagram, TikTok, Marriott and Experian. Given the sheer scale of fines being dished out (BA were fined £183m for a 2018 data breach) companies are likely to increase cyber-spending vastly in the coming months and years. ESG Blog: AllianceBernstein awarded LuxFLAG ESG status on three sustainable funds From companies building firewalls in the cloud (such as Cloudflare), to those developing crowdsourced endpoint security tools (for instan...