Inside Cybersecurity

June 25, 2024

Daily News

Moody’s finds increase in credit impacts from cyber incidents due to attack frequency, sophistication

By Jacob Livesay / June 5, 2024

Potential negative credit impacts of a cyber incident are increasing as the threat landscape evolves and emerging technologies lower the barrier to entry for threat actors, according to a report from Moody’s Ratings detailing factors that can affect the severity of credit consequences on victim organizations.

“The rising number and sophistication of cyberattacks is increasingly eroding creditworthiness. Cyber incidents have not historically had much effect on credit quality, but the potential for adverse credit effects is rising as attacks evolve,”...

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