Malcolm Harkins and Social Responsibility

information security chief: I don’t see any visible stand asset managers are taking, like they do on other social responsibility items, said Malcolm Harkins, information security chief at U.S. cyber security start-up Cylance Inc, according to Euro News. The soft underbelly of companies outside the banking sector was exposed again this month when hackers leaked details of nearly 37 million clients of Ashley Madison. Banks have led the way in developing cyber defences and some top fund managers have ramped up pressure on companies to do more, but the broader picture is less encouraging. The infidelity website had to postpone its stock market listing and now faces a $750 million lawsuit. That figure could be as high as $37.5 trillion of the $71 trillion in enterprise value of 58,000 companies, according to Brand Finance, a consultancy specialising in valuation of intangible assets. More than half the value of companies worldwide is in intangible assets, such as intellectual property, much of which is stored on computers and could therefore be vulnerable to hackers. (news.financializer.com). As reported in the news.