LONDON, Nov 30 (Reuters) - British fund manager Legal &General Investment Management on Monday called for compulsorycyber audits to be introduced to ensure companies are preparedto protect themselves from attack.
The group, the asset manager arm of insurer Legal & General, said it wanted companies to identify and monitorinformation assets as a strategic issue; document the managementof the risk through an audit; and make sure awareness of cyberrisk was embedded in the culture of the company.
"Cyber security is a significant risk to our investeecompanies. It is incumbent of us to discuss how company boardsare managing cyber security and their digital infrastructurethroughout the corporate year," said David Patt, senior analystfor corporate governance and public policy at LGIM.
"We are concerned that many responses we receive to thismajor corporate risk are insufficient. Boards need to be moreaware of their operational environment and emerging threats totheir business. Simply put, it can affect a company's value." (Reporting by Simon Jessop; Editing by Steve Slater)