16 Dec 2020|Moody's Investors Service
The attack is credit negative for SolarWinds, which provides network-monitoring products to entities in the public and private sectors, because of the potential for reputational damage, material loss of customers, a slowdown in business performance and high remediation and legal costs. In light of this episode, we placed all of the company's ratings under review for downgrade.
04 Nov 2020|Moody's Investors Service
Our global cyber risk survey of electric utilities reveals that cybersecurity readiness tends to be stronger among large, regulated utilities than among small utilities and those operating in competitive markets. There appears to be relatively little difference among utilities based on geographic location or credit rating.
08 Oct 2020|Moody's Investors Service
Although the US presidential election process is vulnerable to cyberattacks, the country has ample cybersecurity resources and a strong institutional and governance framework that position it well to deal with an attack. Therefore, we do not expect any potential cyber interference to have a material effect on the election or the sovereign's credit profile.
10 Sep 2020|Moody's Investors Service
Awareness of cyberattacks is increasing reputational risks for companies globally as cybercriminals publicly identify their attack targets and disclosure requirements around cyber events become more stringent.
12 Aug 2020|Moody's Investors Service
Alessandro Roccati from the banking team explains how coronavirus-driven demand for contactless digital financial services, along with remote work, are raising the cyber threat to banks. Plus, Steve Tu of the asset management team looks at how the latest US government intervention in money markets could signal an eventual phaseout of institutional prime funds.