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.

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    25 Nov 2019|Moody's Investors Service
    David Rogovic and William Foster of the Sovereign team discuss the credit implications of rising cyber risks on governments’ credit profiles. Governments are vulnerable to attack from multiple types of cybercriminals, while increased use of technology in providing government services has created more potential entry points for an attack.
    25 Nov 2019|Moody's Investors Service
    The growing trend toward digitization has increased governments' exposure to cyberattacks. But governments typically oversee large, diversified economies and have fiscal resources that help insulate them from negative effects of an attack, highlighting the generally lower impact of cybercrime against governments than against private companies.

    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.

    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.

    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
    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.​
    17 Oct 2019|Moody's Investors Service
    Market infrastructure providers and securities firms are highly vulnerable to cyberattacks, with systemic implications for some.
    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.

    Jim Hempstead
    Managing Director – Cyber Risk Group
    Lesley Ritter
    Vice President – Cyber Risk Group
    Leroy Terrelonge
    Assistant Vice President – Cyber Risk Group