Cyber Risk
The growing intersection of supply chains, connectivity and access to data is increasing the potential for significant cyberattacks, creating new risks for governments and businesses worldwide.
  • SUMMARY
  • REPORTS

  • SECTOR COMMENT
    08 Nov 2019|Moody's Investors Service
    More than 600 participants from more than 180 financial institutions and government agencies tested their coordination and communication during a globally disruptive cyberattack. An exercise of this nature is broadly credit positive.

    SECTOR IN-DEPTH
    08 Nov 2019|Moody's Investors Service
    Electric, gas and large water utility companies are investing in new technologies to improve operational efficiencies, reliability and customer service. But the adoption of digitally enabled equipment and the use of third-party vendors heighten the industry's exposure to cyber threats, which is credit negative for utilities. Cost recovery provisions authorized by regulators can help mitigate the credit impact.

    SECTOR IN-DEPTH
    21 Oct 2019|Moody's Investors Service
    Successful cyberattacks can hurt banks' credit standing through financial losses, erosion of brand value and trust, and regulatory consequences. Improving cyber governance and regulatory scrutiny help mitigate risk, but cyber exposure will lead to higher operating, legal and regulatory costs for all banks regardless of whether particular threats materialize.
    GIBs and Cyber Risk
    Podcast
    18 Oct 2019|Moody's Investors Service
     Research Writer from the banking team, Carolyn Henson, speaks to Alessandro Roccati and Donald Robertson who cover global investment banks and global market insfrastructure, about the risks of cyberattacks and their credit implications.​
    SECTOR-IN-DEPTH
    17 Oct 2019|Moody's Investors Service
    Market infrastructure providers and securities firms are highly vulnerable to cyberattacks, with systemic implications for some.
    SECTOR-IN-DEPTH
    07 Oct 2019|Moody's Investors Service
    The global investment banks are at high risk of cyberattacks through their multiple businesses and have accordingly enhanced their monitoring and risk-mitigation capabilities.

    KEY CONTACTS
    Jim Hempstead
    Managing Director – Cyber Risk Group
    James.hempstead@moodys.com
    Lesley Ritter
    Vice President – Cyber Risk Group
    Lesley.ritter@moodys.com
    Leroy Terrelonge
    Assistant Vice President – Cyber Risk Group
    Leroy.terrelonge@moodys.com