Moody’s says cyber risk ‘remains high’ for consumer credit bureaus, warns attacks could spur lawsuits or regulation

Moody’s Investor Services says consumer credit bureaus continue to be an “attractive target” for cyber criminals, and that despite sizable security investments the companies face ongoing threats in cyberspace and exposure to subsequent legal or regulatory action.

“A new report from Moody’s Investors Service finds that cyberattacks are the main social risk for US credit bureaus and can weaken their credit quality,” the firm said in a Wednesday release, which adds, “Litigation or government action is likely if sensitive data...