December 2, 2023
Moody’s finds global increase in cybersecurity costs tied to insurance, regulatory burden
A recent survey from Moody’s Investors Service sheds light on how organizations across the globe are dealing with increased costs in cyber insurance premiums and regulatory compliance needs.
“Cybersecurity’s enterprise-wide visibility has improved while budgets have grown 70% in the last five years,” said Leroy Terrelonge, VP for cyber credit risk analysis at Moody’s. However, Terrelonge said "advanced cyber practices remain out of reach for many issuers.”
The 90-question survey includes information from over 1,700 respondents around the globe....