2023 Cyber Outlook
Governments and industries toughen cyber stance; credit effects mixed
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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.
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