Moody’s cyber outlook: Attacks are increasing globally and governments will respond with more regulation

Regulations tightening cybersecurity requirements on industry and an increasing demand for cyber insurance are two of the big global policy trends expected in the coming year, according to a “2023 cyber outlook” from Moody’s Investors Service.

“The U.S. has historically been the biggest target for ransomware, accounting for approximately 49% of global attacks in 2021. However, in response to recent increasing pressure from the U.S. government through sanctions, arrests, and cryptocurrency seizures, cybercriminals are increasingly attacking outside the U.S. The...