Cybersecurity – expert views on how to shelter your portfolio

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Cyber attacks can cost companies millions which can impact investor return. Find out what our Wealth Shortlist managers do to limit the risk.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Published on 11 January 2024

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Cyberspace is the Wild West of our digital age. But the currency isn’t gold, silver or counterfeit bank notes, it’s data.

In 2023, nearly one third of all UK businesses faced a cybersecurity breach or attack, increasing to just over two thirds for large companies. These attacks can be expensive – the average cost of a data breach globally reached $4.45 million last year, up 15% over three years.

But good cybersecurity isn’t just about companies safeguarding their own operations and cash. They need to make sure companies in their supply chains have strong controls too. Suppliers, usually smaller companies with limited resources, can inadvertently introduce vulnerabilities and cause some chinks in the armour.

As companies struggle with this new cyber secure reality, investors are taking note of how important protecting