S&P Global Ratings warns a recession could sap state and municipal governments’ resources for cybersecurity

The strains that an economic recession would place on state and local government finances could have a serious impact on those entities’ ability to deploy and maintain robust cybersecurity programs, according to a report from S&P Global Ratings.

“With the number of cyber attacks rising and a potential U.S. recession on the horizon, U.S. public finance issuers' credit ratings may be pressured if they are unable to sufficiently respond and recover from a cyber attack,” S&P Global says in the...