Assessing credit implications of cyber risk
Credit implications of cyber risk will hinge on business disruptions, reputational effects
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. In this report, we assess the inherent cyber risk exposure of 35 broad sectors based on two factors: vulnerability to a cyber event or attack, and impact in terms of potential disruption of critical business processes, data disclosure and reputational effects. Four sectors with $11.7 trillion in rated debt outstanding are at high risk. These sectors are banks, securities firms, market infrastructure providers and hospitals.