Cyber attacks are growing in number and scope due to rapid increases in interconnectivity and mobile data.
In response, Moody's Investors Service announced that the credit implications associated with cyber defense, detection, prevention and response should start to take a higher priority within its credit assessments and analysis.
"While we do not explicitly incorporate cyber risk as a principal credit factor today, our fundamental credit analysis incorporates numerous stress-testing scenarios, and a cyber event could be the trigger for one of those scenarios," said Jim Hempstead, Moody's associate managing director, in a statement. "As cyber risk becomes more pervasive, it will take a higher priority within our analysis."
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Emily Zulz
Emily joined the ThinkAdvisor team as a reporter in the summer of 2014. She previously worked as a reporter for The Daily Journal in Kankakee, Illinois for a year and as a reporter and editor for The Daily Eastern News in Charleston, Illinois for two and a half years. Prior to joining ThinkAdvisor, Emily worked on Groupon’s editorial team in Chicago as a fact checker for three years. She graduated cum laude with a BA in journalism from Eastern Illinois University, and she has been the recipient of two journalism awards for her news reporting at daily newspapers.
