MEDIUMVulnerability
Global
Studies: Banks Penalize Bad Cybersecurity With Higher Rates
·Source: Bank Info Security
Updated:
Executive Summary
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
Analysis
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.