January 27, 2023
Moody’s finds cyber risks are high for hospitals, lower for pharma companies
Cybersecurity risks remain substantial for the healthcare sector, Moody’s Investors Service wrote in its most recent analysis of the industry, with the greatest risks faced by nonprofit hospitals and public health systems, while pharmaceutical companies have the lowest risk in the sector.
In Moody’s November 2022 Investors Service Healthcare Quarterly, the health sector is classified as “Very High” risk in Moody’s cyber heat map, the document said, meaning risks are considered higher than in banking, technology, and telecommunications. Meanwhile,...