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Lombard Odier Uses ESG to Tackle ‘Shocking’ Corporate Cyber Risk

  • Hundreds of companies screened for software vulnerabilities
  • Analysis found that about 20% are running outdated software
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Lombard Odier Investment Managers said the “shocking” results of an analysis into cybersecurity risks lurking in portfolio companies have led it to apply ESG processes far more broadly to protect its funds from losses.

The Swiss asset manager is now on a campaign “to push these companies to get their basic cyber hygiene in order,” said Jeroen van Oerle, portfolio manager of Lombard Odier’s Global FinTech fund. The firm wants to treat “cybersecurity risks the same way as we look at climate-related risks, or water usage risks, or corporate governance risks,” he said.