Health care providers are among the top four industries cited by Moody's Investors Service as particularly vulnerable to the after-shock of a cyberattack.
In a summary of a report to investors, Moody's notes that "the threat of cyberattacks continues to rise across all sectors, and the implications could start taking a higher priority in credit analysis. … Industries which house significant amounts of personal data, such as financial institutions, health care entities, higher education organizations and retail companies are at greatest risk to experience large-scale data theft attacks resulting in serious reputational and financial damage."
The core of the report essentially consists of a warning to investors that, while cyberattacks and mass data thefts in and of themselves probably won't take down a stock, such attacks represent a factor that will increase in importance over time.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.