Moody’s finds chemical sector increasingly focused on cyber as CISA incident reporting mandate approaches

Chemical sector companies are demonstrating increased awareness and adoption of cybersecurity best practices, according to Moody’s Ratings, as the Cybersecurity and Infrastructure Security Agency works to finalize a mandatory incident reporting regime for critical infrastructure entities.

“Our 2023 cyber survey shows chemical companies have increased their cyber budgets after an escalating number of incidents and as new regulations loom. The chemical industry is at high risk in the event of a cyberattack because the impact can ripple downstream, affecting the...