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The information and opinions in this Research were prepared by Cyberhedge or one of the other Cyberhedge Parties. Though the information herein is believed to be reliable and has been obtained from public sources believed to be reliable, Cyberhedge makes no representation as to its accuracy or completeness. Hyperlinks to third-party websites in the Research are provided for reader convenience only. Cyberhedge neither endorses the content nor is responsible for the accuracy or security controls of these websites.

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In no event shall any of Cyberhedge, its affiliates, any of its or their direct or indirect information providers nor any other third-party involved in, or related to, compiling, computing or creating any of the information contained in the Research (collectively, the “Cyberhedge Parties”) have any liability to any person or entity for any damages, whether direct, indirect, special, incidental, punitive, consequential (including, without limitation, loss of use, lost profits or revenues or any other economic loss) arising in any manner out of your use or inability to use any of the information or date contained in the Research, even if such party might have anticipated, or was advised or notified of, the possibility of such damages.

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None of the material, nor its content in the Research, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written permission of Cyberhedge. Cyberhedge will not treat recipients of this Research as its customers by virtue of their receiving this Research. The legal entities and potential investments in such entities contained or referred to in the Research may not be suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about such investments or investment services. Nothing in the Research constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation to you.

Opinions, estimates and projections constitute the current judgment of the author as of the date of this Research. They do not necessarily reflect the opinions of Cyberhedge and are subject to change without notice. Cyberhedge has no obligation to update, modify or amend the Research or to otherwise notify a recipient thereof if any opinion, forecast or estimate contained herein changes or subsequently becomes inaccurate. Coverage and the frequency of changes in market conditions and in both general and company specific economic prospects makes it difficult to update research at defined intervals. Updates are at the sole discretion of the coverage analyst concerned. The financial instruments discussed in the Research may not be suitable for all investors and investors must make their own informed investment decisions. Prices and availability of financial instruments are subject to change without notice and investment transactions can lead to losses as a result of price fluctuations and other factors. If a financial instrument is denominated in a currency other than an investor’s currency, a change in exchange rates may adversely affect the investment. Past performance is not necessarily indicative of future results.

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We and our affiliates, officers, directors, employees, and contractors, excluding equity and credit analysts, will from time to time have long or short positions in, act as principal in, and buy or sell, the securities or derivatives, if any, referred to in the Research.

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What are the Cyberhedge Cyber Governance Indices?

These first ever benchmarks prove good cyber governance matters to shareholder value. They measure stock market performance of companies with good and with bad cyber governance scores. Scores are based on Cyberhedge’s proprietary cyber governance rating methodology. Market performance is tracked by an independent firm. The results show that companies with good cyber governance outperform their peers in US, UK, and EU markets.

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