2023 Cyber Outlook
Governments and industries toughen cyber stance; credit effects mixed
Cyber risk continues to rise as geopolitical tensions mount, and governments and industries are taking action to reduce cyber exposure.
How will these efforts affect credit in 2023?
- Ransomware attacks will shift from the US, raising risks for issuers in other regions.
- Scrutiny from governments and regulators will increase.
- Demand for cyber insurance will outweigh supply.
- Quantifying an expected financial loss from a cyberattack will play a growing part in risk mitigation.
Related reading:
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SpeakersJim Hempstead Managing Director, Global Project & Infrastructure Finance Moody's Ratings
Luigi Bucci Vice President – Senior Analyst, Corporate Finance Moody’s Ratings
Irina Metzler Analyst, Financial Institutions Moody's Ratings
Leroy Terrelonge Senior Vice President, Cyber Credit Risk Moody's Ratings
Derek Vadala SVP, Head of Risk BitSight
Srikanth Vadlamani Senior Vice President - Credit Strategy & Standards Moody's Ratings
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