Moody’s Investors Service (Moody’s) recently announced that is has issued a report entitled, “Cross-Sector-Global: cyber Risk of Growing Importance to Credit Analysis,” which outlines the threat of cyber-attacks and how they can affect a company’s credit.
According to its press release, Moody’s views material cyber threats “in a similar vein as other extraordinary event risks, such as a natural disaster, with any subsequent credit impact depending on the duration and severity of the event.”
The report identifies factors to look at when determining a credit impact as a result of a cyber threat, varying types of cyber threat actors and the motives around the cyber threat.
Another reason for entities in all industries to consider placing cybersecurity on the top of the priority list for 2016.