Cybersecurity mentions in packaging industry company filings were 92% higher in Q4 2021 than in Q4 2020.
In total, the frequency of cybersecurity-related convictions in 2021 was 173% higher than in 2016, when GlobalData, from which our data comes from for this article, began tracking the top issues mentioned in company filings.
When companies in the packaging industry publish annual and quarterly reports, ESG reports and other documents, GlobalData analyzes the text and identifies individual phrases related to the disruptive forces companies will face in the years to come. Cybersecurity is one such topic – companies that excel and invest in these areas are seen as better prepared for the future business landscape and better equipped to weather unforeseen challenges.
To assess whether cybersecurity figures more in the summaries and strategies of companies in the packaging industry, two measures were calculated. First, we looked at the percentage of companies that mentioned cybersecurity at least once in their statements over the last twelve months – it was 72% compared to 65% in 2016. Second, we calculated the percentage of total sentences analyzed that referred to cybersecurity.
Among the packaging industry’s 30 largest employers, WestRock Co WestRock is the company that most mentioned cybersecurity in 2021. GlobalData identified 117 cybersecurity-related phrases in company records based in the United States, or 1.5% of all phrases. OI Glass mentioned cybersecurity second – the issue was mentioned in 0.7% of sentences in company filings. Mondi, Avery Dennison and Greif are other top employers with high cybersecurity ratings.
Of all companies in the packaging industry, the filing released in Q4 2021 that placed the most emphasis on cybersecurity came from WestRock Co WestRock. Of the 1,916 sentences in the document, 23 (1.2%) referred to cybersecurity.
This analysis provides a rough indication of which companies are focusing on cybersecurity and how big the issue is in the packaging industry, but it also has limitations and should be interpreted with caution. For example, a company that mentions cybersecurity more regularly is not necessarily evidence that it is using new techniques or prioritizing the issue, nor does it indicate whether the company’s businesses in the field of cybersecurity have been successes or failures.
GlobalData also categorizes cybersecurity mentions according to a series of subtopics. Of these subtopics, the most commonly mentioned topic in Q4 2021 was “data security,” which accounted for 83% of all cybersecurity subtopic mentions by companies in the packaging industry.