$22 trillion of global rated debt has ‘high’ or ‘very high’ cyber-risk exposure
About $22 trillion of global debt rated by Moody’s Investors Service has “high,” or “very high” cyber-risk exposure, with electric, gas and water utilities, as well as hospitals, among the sectors facing the highest risk of cyberattacks.
That’s more than one-quarter (28 percent) of the $80 trillion in Moody’s rated debt across 71 global sectors, and it represents a $1 trillion jump from the firm’s 2019 numbers, according to the credit rating biz.
For its Cyber Heatmap, Moody’s looks at two factors, exposure and mitigation, and weighs both across all of the sectors it rates.
Exposure includes the industry’s “systemic role” — its attractiveness as a target from an attacker’s perspective looking to trigger maximum disruption, along with its interconnectedness to other sectors — and “digitatization” or its digital footprint, which expands the potential attack surface.
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