Moody's Investors Service  Identifies Sectors At The Highest Risk For Cyberattacks
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According to Moody’s Investors Service, electric, gas and water utilities, as well as hospitals, are highly likely to be attacked by cyber hackers, about $22 Trillion worth is at risk.

There are 71 sectors from $80 trillion worth of debt globally. In 2019, Moody’s rated debt increased by $1 trillion based on their data.

One of the factors that makes up Moody’s Cyber Heatmap is exposure, which is how exposed a company is to a potential cybersecurity event. The other factor is mitigation, or how strong the company’s defences are against cybersecurity breaches.

The CEO of Cyxtera Technologies Ltd. assessed the company’s understanding of an organisation’s level of exposure, including a differentiated risk profile based on attack surfaces, as well as systems that are connected together and hold digital assets.

Ports on the perimeter need to be vigilant against vulnerability, you should practise basic cybersecurity practices, and financial losses are estimated. To determine the perimeter’s vulnerability Moody’s looks at risky open ports and patching cadence which it gleans from data and metrics provided by cyber-ratings company BitSight.

BitSight’s chief risk officer states that companies which don’t update their security patches, are at a much higher risk of being subject to a ransomware attack.

Utilities have a 6 out of 10 for cyber risk, where higher scores for risk means more vulnerability to cybersecurity issues.

Utilities are regulated. The debt of this sector is $2.5 billion, which was rated by Moody’s.

Instead of just focusing on individual devastation–for example, the impact a power outage has on a hospital operating room – it is important to recognize how these types of events have an incredible ripple effect through the economy.

Threat groups that seek to cause the most damage often look for opportunities in critical infrastructure. Specifically, these individuals are targeting power and infrastructure facilities. Humans are not always looking for ways to cause the most damage.

Not-for-profit hospitals have low cyber risk management efforts and are vulnerable to ransomware attacks.

Some sectors are more at risk than others. The heatmap lists banks, technology, telecommunications and midstream energy, among sectors that are high-risk. Sectors such as advanced economies and emerging countries, manufacturing, retail and apparel and integrated oil fall under moderate risk.

These sectors are low-risk because of their steady nature. They include structural finance, real estate, mining, and public sector housing.

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