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Who Faces Biggest Financial Risks From Cyberattacks?

A new report from Moody’s Investors Service says four business sectors have the most significant financial impact from cyberattacks that could lead to a weakened credit profile. Banks, banks, securities firms, market infrastructure providers and hospitals are at high risk, Moody’s says. The financial impact of a cyberattack could include the cost of insurance, the effect on customer behavior, litigation costs, fines and impact on technology infrastructure and R&D spending. The report notes that the highest-profile cyber events have yet to result in any material deterioration in the creditworthiness of the affected companies.”]

Source: https://www.cuinfosecurity.com/who-faces-biggest-financial-risks-from-cyberattacks-a-12109

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