Outlooks 2022

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OUTLOOK

Cyber Risk – Global

Increasing cyber risks are challenging organizations around the world to fortify their cybersecurity, particularly as remote and hybrid work arrangements create vulnerabilities to computer networks. Cyber insurance costs also continue to climb.

Work arrangements that have become increasingly commonplace during the pandemic have made cyberattacks easier and more attractive to cybercriminals, fueling a surge in ransomware and distributed denial-of-service-attacks. Those that fail to adapt to the security challenges of the changing workforce will be at increased risk of cyber incidents.

Leroy Terrelonge

Vice President, Senior Analyst
Moody's Investors Service

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