Studies: Banks Penalize Bad Cybersecurity With Higher Rates
CFOs Should Know: Lackadaisical Security Carries a Price
Bad cybersecurity is bad for business. A badly secured business may pay as much as ten extra basis points for a loan than its posture had been up to scratch, find academic studies examining how U.S. banks price debt. The bill for poor cybersecurity could run hundreds of thousands of dollars.
Bad cybersecurity is bad for business. A badly secured business may pay as much as ten extra basis points for a loan than its posture had been up to scratch, find academic studies examining how U.S. banks price debt. The bill for poor cybersecurity could run hundreds of thousands of dollars.