Cyber Risk Awareness and Spending is on the Rise Among Public Finance Sectors
A look into how local governments, hospitals, and universities are responding to growing cyber threats and how they prioritize spending on cyber defenses.
Virtual Event
Cyber attacks across all sectors continue to rise, as evidenced by the recent widespread Change Healthcare incident. Our annual cyber survey polls over 2,000 issuers globally on cyber hygiene. This year's results indicate that a majority of our issuers are adopting basic cyber risk practices, increasing their cyber budgets to support the growth of in-house cyber expertise, and strengthening cyber governance. Most issuers have standalone cyber insurance despite increasing premiums and third-party vendor risk continues to rise.
Discussion Topics:
- Impact of the Change Healthcare cyber attack & what it means for cyber governance broadly
- Key takeaways from our annual cyber surveys for cities, counties, hospitals, and universities
- Evolution of cyber disclosure requirements and governance as the number of attacks escalates
- A look at cyber insurance - utilization, benefits, and limitations
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SpeakersOrlie Prince Associate Managing Director Moody's Ratings
Gregory Sobel Assistant Vice President - Analyst Moody's Ratings
Matthew Cahill, CFA Assistant Vice President - Analyst, US Public Finance Moody's Ratings
Melissa Nicandri Associate Lead Analyst Moody’s Ratings
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Event Manager
If you have any questions about the event, please contact Suheylee Fragoso at Suheylee.Fragoso@moodys.com.
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Orlie Prince is an Associate Managing Director for the Eastern Local Governments Ratings Team. She manages a team of analysts covering credits in Alabama, Delaware, Kentucky, Maryland, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia. Orlie is a rating committee chairperson, she leads the Cyber Security Risk Task Force for the Public Finance Group, and serves as the lead on the State Aid Intercept Programs.
Prior to rejoining Moody’s, Orlie conducted extensive community service. During her initial tenure with Moody’s, Orlie was a Senior Vice President and Manager of the Southeast Regional Ratings Team. Orlie holds an MPA from Columbia University’s School of International and Public Affairs and a BA in Political Science and Communications from SUNY Albany.
Gregory Sobel is a Vice President - Senior Analyst on the Eastern Local Government Ratings Team. He is the lead analyst for Pennsylvania local governments and helped establish an analytical framework for evaluating environmental, social, and governance risks for school districts across the U.S. He sits on the Charter School Ratings Taskforce and Cybersecurity Taskforce, and is a representative for the US Public Finance Group on Moody’s decentralized finance (DeFi) and digital assets working group.
Prior to joining Moody's, Gregory managed a portfolio of hedged energy disbursements for a boutique energy procurement and management firm working with third party real estate management companies and worked as a Constituent Relations Representative for the New York State Senate. He holds a Master of Arts in Economics from University at Buffalo, the State University of New York, where he also completed his undergraduate studies.
Matthew Cahill is an Analyst in the Healthcare Ratings Group. He is a lead analyst for ratings of not-for-profit hospitals and healthcare systems in Florida, Georgia, Illinois, Maryland, Missouri, Ohio, and Texas, as well as several other states. Prior to joining the Healthcare Ratings Team, Matthew held multiple Financial Planning and Analysis roles, both within and outside the organization. Matthew received his B.S in Finance from Villanova University and earned the Chartered Financial Analyst Designation in 2019. Matthew is based out of the Moody’s New York Office.
Melissa Nicandri is an Associate Lead Analyst for the Higher Education and Not-for-Profits Ratings Team.
Prior to joining Moody’s, Melissa attended Johns Hopkins University School of Advanced International Studies (SAIS) to study International Economics and Finance. Prior to that, she was a Senior Consultant at Booz Allen Hamilton where she worked as a government contractor for FEMA. In addition to her MA in International Economics and Finance, Melissa holds a BA in Economics from Vanderbilt University