Environmental, social, and governance (ESG) considerations are hardly new topics when it comes to compliance reporting for financial services firms, but the impact of cybersecurity breaches on the governance component soon will gain a much higher profile for financial and non-financial organizations alike. Whether addressing privacy issues, the financial losses of ransomware, or business continuity from a governance perspective, cyber threats are putting ESG discussions at the forefront of board meetings and C-suite discussions around the globe.

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