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.

Related reading:

  • Speakers keyboard_arrow_down
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    Jim Hempstead Managing Director, Global Project & Infrastructure Finance Moody's Investors Service Bio
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    Luigi Bucci AVP-Analyst, Corporate Finance Group Moody’s Ratings Bio
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    Irina Metzler Analyst, Financial Institutions Group Moody’s Investors Service Bio
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    Leroy Terrelonge Vice President - Senior Analyst, Cyber Credit Risk Moody's Ratings Bio
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    Derek Vadala SVP, Head of Risk BitSight Bio
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    Srikanth Vadlamani Vice President – Group Credit Officer, APAC Banking, Financial Institutions Group Moody's Investors Service Bio