Inside Cybersecurity

September 25, 2023

Daily News

S&P report highlights costs of increasing cyber regulations designed to bolster more resilience

By Sara Friedman / August 7, 2023

A marked increase in cyber regulations intended to boost resilience will result in increased costs for organizations required to comply with new requirements, S&P Global Ratings says in a new report.

Addressing credit risk, the report says, “Increased cyber regulation, coupled with more vigorous enforcement, could exacerbate cyber risks’ negative bias by adding new fines and other sanctions to the potential damage resulting from cyber issues. New rules could also necessitate further investment in systems and technology.”

The report,...

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