Rising cyber threats to rated organisations, Moody's reports
Moody's latest report shows cyberattacks on its rated companies have jumped since 2020, with annual incidents now around 7%—up from just 4-5% before. The main culprits? Weaknesses in third-party software and increasingly tangled digital supply chains. Plus, AI could make future attacks even trickier to stop.
If you've been attacked once, you're likely to be targeted again
If an organization has already faced a cyberattack, it's four to five times more likely to get targeted again. Non-profit hospitals are especially vulnerable—42% were hit since 2022, and some had multiple breaches in a single year. Public housing groups also see frequent repeat attacks.
Cyberattacks have led to downgrades in credit ratings
Cyberattacks aren't just a tech problem—they've led Moody's to downgrade the credit ratings of 14 organizations in recent years, including three major downgrades last year alone. Repeated breaches can seriously shake up both financial stability and day-to-day operations.