We examine how cybersecurity threats affect creditworthiness and industry resilience – and how to prepare for what’s next.
Cybersecurity incidents have increased in frequency and complexity in recent years, underscoring the urgent need for stronger cybersecurity measures across industries. As GenAI expands the threat landscape, organizations face growing risks to their infrastructure and operations.
How are industries contending with these risks and how are industry leaders adapting their defenses to stay ahead?
Cybersecurity threats are evolving rapidly, posing significant risks to critical sectors of the global economy, from insurance to supply chains. This data story reveals how cyber threats are reshaping credit dynamics and market conditions across multiple sectors worldwide.
Moody’s offers a global lens on cyber risk and the broader digital economy landscape, with research that examines trends, vulnerabilities, and credit impacts across diverse sectors.
We assess the inherent cyber risk exposure across sectors based on the vulnerability to a cyber event or attack, and the impact in terms of potential disruption of critical business processes, data disclosures and reputational effects.
Colleges and universities continue to increase resources allocated to cybersecurity, reflecting heightened awareness of escalating cyber threats and the sector’s vulnerability to attack.
Cyber risk remains structurally high for EMEA nonfinancial companies, with attack volumes in 2025 broadly unchanged from 2024 and close to the record of 2020, as Exhibit 1 shows.
Technology, media and telecommunications (TMT) companies still have more advanced cyber governance and defense practices than other sectors. TMT companies face high numbers of cyber attacks, with telecom companies in our highest cyber risk category.
Regional and local governments (RLGs) continue to trail other sectors globally in basic cyber hygiene, despite notable improvements in budget allocation, insurance uptake and defensive practices.
The healthcare industry is a prime target for cyberattacks. It is highly digitalized and makes extensive use of third-party software, which is vulnerable to security breaches.
Cybersecurity remains a top priority for insurers and asset managers globally, according to a Moody's survey of 102 companies across both sectors.
Banks globally continue to increase investment in cybersecurity and bolster their defenses against evolving digital threats, according to our survey of 228 banks worldwide.
Cybersecurity incidents have surged in recent years, increasing risk to the creditworthiness of debt issuers we rate. While organizations whose credit ratings have been directly affected by cyberattacks number just 14 to date, three of those have occurred in the last year alone.
Rising digitalization has been accompanied by a growing incidence of cybercrime. Cyberattacks can undermine the creditworthiness of companies, organizations and governments, hitting revenues and increasing costs.
— Fabian Astic (Ratings - Analytical)
Managing Director - Global Digital Economy, Moody’s Ratings
Connect with us to explore how cyber threats and the evolving digital economy landscape are influencing credit profiles and investment strategies. Discover how Moody’s Ratings can deliver sector-specific insights to support your organization’s risk management goals.
This roundtable will provide a valuable opportunity to hear from and engage with cyber security policymakers and industry leaders on topics including the current cyber security landscape, cyber risk quantification, cyber and governance, and cyber and credit.
Cyber attacks across all sectors continue to rise, as evidenced by the recent widespread Change Healthcare incident. Our annual cyber survey polls over 2,000 issuers globally on cyber hygiene. The results indicate that a majority of our issuers are adopting basic cyber risk practices, increasing their cyber budgets to support the growth of in-house cyber expertise, and strengthening cyber governance.
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