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The White House ONCD strategy released in early March 2023 was released recognizing ‘that government must use all tools of national power in a coordinated manner to protect our national security, public safety, and economic prosperity’.
The EU and Australia have demonstrated through their approach to cyber regulation, that cyber is important to economic health. Credit rating agencies have published indicative data highlighting the relationship with sovereign debt, cybersecurity and credit worthiness, as the article below discusses.
It is fair to say that with the rise in frequency, complexity and severity of cyber attacks in 2022 and 2023. The effects of credit worthiness, debt and cybersecurity in the event of a catastrophic cyber event is unknown. However precedence has been set with the cyber attacks on Costa Rica and Montenegro. Demonstrating the effects of a cyber attack on Nation States and raising the awareness of credit rating agencies of cyber on credit worthiness.
Ted Dziekanowski
#cybersecurity #cyberriskmanagement #cyberinsurance #cyberregulation
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