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Moody’s has for sometime voiced a concern of the impact of cyber risk management on the impact of corporate value. For credit rating agencies vulnerability and operational assessments form part of their assess criteria.
Which for those not familiar with their process of that of any of the credit rating agencies is used by the markets to help investors make a decision as to the credit worthiness of a company and the risk of investments. Credit rating agencies provide an independent view on corporate value, predicted sales, costs, competition, market movement, consumer sentiment and in the case of cyber, it forms part of the assessment on critical risks.
In this case their focus is industrial control systems, which are the primary mechanism to control industrial plant an important and sector dependent technology platform.
For many companies the credit rating process is important, it defines their investibility and for the agencies focusing on cyber security is a key indicator of how seriously the markets are starting to take cyber risk management.
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