COVID-19 disruptions to travel and global business operations are having a significant negative impact on Informa’s (INF’s) core customer events business and its financial position.
Why does Cyber Governance matter?
As INF’s poor cyber governance scores already placed the company on Cyberhedge’s alert three months ago (pre-COVID‑19), the impact of the pandemic will further increase the likelihood of a technology-related operational problem. Even after operations return to normal, the company will have to decide how to best allocate any available cash into hiring more security staff and better securing the company’s corporate network and digital workflow assets.
What does the company need to do moving forward?
INF’s poor cyber governance will likely continue and become an even bigger challenge to its medium-to-long-term outlook than it was pre- COVID‑19. This creates an increased likelihood of a further operational disruption in the medium term at a time when the company will be seeking to regain its footing in the aftermath of the current crisis. Once attention shifts toward the company’s recovery, INF’s cyber governance will have a material impact on whether the company is set up for long-term success or protracted uncertainty.