Moody’s to factor cyberdefense into credit ratings
Moody’s Investors Service says it will start considering companies’ ability to detect and defend against cyberattacks when determining credit ratings. “While we do not explicitly incorporate cyberrisk as a principal credit factor today, our fundamental credit analysis incorporates numerous stress-testing scenarios, and a cyberevent could be the trigger for one of those scenarios,” Associate Managing Director Jim Hempstead said. “As cyberrisk becomes more pervasive, it will take a higher priority within our analysis.” ThinkAdvisor (11/24)