Moody’s To Consider Cyber Risk in Credit Ratings

Moody’s To Consider Cyber Risk in Credit Ratings

Moody’s Investor Service said that it will evaluate cyber risk as part of its credit ratings, noting the rising threat of cyber-attacks. Moody’s noted that certain industries, including financial institutions, health care entities, higher education organizations and retail companies, were at highest risk for data theft resulting in serious reputational and financial damage. Although critical infrastructure, such as the power grid and water and sewer systems, were more exposed to large-scale service disruption, Moody’s said that it believed critical infrastructure attacks “would elicit immediate government intervention to restore operations, resulting in lower potential credit risk.” [11/25/15]

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