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Cyber risk

The exponential rise of cyberattacks and ransomware has serious ramifications for businesses globally – costing them billions of dollars in losses, and threatening their long-term stability.

The imperative for business leaders and board to assess, quantify, and insure their cyber risk is clear. However, without a reliable means to measure cybersecurity risk, organizations are exposed to risks arising from customer, supplier, and partner relationships that are integrated into their ecosystems.

Moody’s supports organizations and their insurance ecosystems to analyze, quantify, and mitigate firm-wide cyber risk and exposure, as well as integrate learnings across the business to inform key strategy decisions.

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What we do

Leveraging cutting-edge technology and deep expertise, we offer robust assessments, real-time insights, and a wealth of data and analytics focused on cyber threats. Moody's enables you to proactively identify and mitigate risks, fortify your defenses, and stay ahead in an ever-evolving digital landscape.

01
Quantify cyber risk

We help you connect cyber risk to financial impacts by offering assessments that illuminate the potential costs of cyber threats to your organization. 

02
Enhance business resilience

Assess the risks of cyber threats and their potential financial, operational, reputational, and legal impact on your organization, whether they may arise within your operations, or through supplier, customer, or other third-party relationships.

03
Make informed decisions

By analyzing a wide array of factors, including threat intelligence, vulnerabilities, and industry-specific risks, we deliver actionable assessments that enable you to prioritize resources effectively and allocate them where they are most needed.

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Speak to our team today

Get in touch

Cyber threats on the rise

A recent analysis by Moody’s Ratings reveals that 28% of collective rated debt, or $22.3 trillion, has a high or very high cyber risk exposure.

Our interactive report can help you learn more about which industries and sectors face the greatest risk of cyber threats.

More on cyber risk
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How we help

01 Credit ratings and research

Credit ratings and research

In an ever-evolving digital world, Moody’s Ratings research underscores the critical importance of including cybersecurity in a comprehensive risk assessment framework alongside credit risk, operational risk, compliance, supply chain, and more.

Recent cyberattacks are yet another reminder of the impact cyber risks can have on businesses, from operations to the bottom line. Companies and organizations are also facing other looming challenges, including an ongoing cybersecurity talent shortages and the advent of generative AI, which will introduce new risks.

More on credit ratings and research
02 Third-party risk

Third-party risk

As organizations grow and their interactions with third-party entities intensify, they expose themselves to a broader spectrum of cyber threats. This can have serious consequences across the financial, technical, reputational, and operational facets of a business.

At Moody's, we can help you create a seamless and effective methodology to assess, track, and counteract these emergent cyber risks. With deeper insights into cyber vulnerabilities and a broader scope of risk assessments, you'll be able to make more informed decisions and help your organization become more resilient.

In addition, Moody’s has forged a strategic partnership with Bitsight, integrating its cybersecurity ratings and analytics into our suite of solutions, including Orbis, Compliance Catalyst², Credit Catalyst², Supply Chain Catalyst, and Passfort. Or, enhance your proprietary applications by integrating cybersecurity ratings directly into your workflows with Risk Data Suite’s Bitsight cybersecurity data feed.

Given the significant financial and operational consequences of a cyberattack, integrating cyber risk analytics into cross-business risk assessments is critical.

More on cyber risk ratings and analytics
More on cyber risk check
03 Cyber insurance steering group

Cyber insurance steering group

Moody’s is launching a new Cyber Industry Steering Group to develop initiatives that will support the growth of the global cyber insurance market. The group will be anchored by leading market participants in the insurance and cybersecurity industries.

The Moody’s RMS cyber model uses a multidimensional assessment to identify and quantify key risk variables that determine the frequency and severity of cyberattacks. This includes a thorough assessment of threat-actor groups, human vulnerabilities, digital assets at risk, outside-in vulnerabilities, historical cyber incidents, loss process footprints, and the interplay with insurance contract terms. This proprietary research is embedded in an innovative risk modeling framework that can model individual and portfolio-level risks.

More on Moody's Cyber Industry Steering Group
04 Cyber risk for insurers

Cyber risk for insurers 

The dynamic nature of cyber risk is reshaping the (re)insurance landscape, requiring a new paradigm of risk management to harness its potential for immense growth. Moody’s is at the forefront, delivering consistent risk quantification and pricing with detailed insights into both attritional and catastrophic cyber risks.

Moody’s provides an advanced and future-proof cyber risk modeling framework that is tailored to the (re)insurance industry’s specific needs.

Credit ratings and research

In an ever-evolving digital world, Moody’s Ratings research underscores the critical importance of including cybersecurity in a comprehensive risk assessment framework alongside credit risk, operational risk, compliance, supply chain, and more.

Recent cyberattacks are yet another reminder of the impact cyber risks can have on businesses, from operations to the bottom line. Companies and organizations are also facing other looming challenges, including an ongoing cybersecurity talent shortages and the advent of generative AI, which will introduce new risks.

More on credit ratings and research

Third-party risk

As organizations grow and their interactions with third-party entities intensify, they expose themselves to a broader spectrum of cyber threats. This can have serious consequences across the financial, technical, reputational, and operational facets of a business.

At Moody's, we can help you create a seamless and effective methodology to assess, track, and counteract these emergent cyber risks. With deeper insights into cyber vulnerabilities and a broader scope of risk assessments, you'll be able to make more informed decisions and help your organization become more resilient.

In addition, Moody’s has forged a strategic partnership with Bitsight, integrating its cybersecurity ratings and analytics into our suite of solutions, including Orbis, Compliance Catalyst², Credit Catalyst², Supply Chain Catalyst, and Passfort. Or, enhance your proprietary applications by integrating cybersecurity ratings directly into your workflows with Risk Data Suite’s Bitsight cybersecurity data feed.

Given the significant financial and operational consequences of a cyberattack, integrating cyber risk analytics into cross-business risk assessments is critical.

More on cyber risk ratings and analytics
More on cyber risk check

Cyber insurance steering group

Moody’s is launching a new Cyber Industry Steering Group to develop initiatives that will support the growth of the global cyber insurance market. The group will be anchored by leading market participants in the insurance and cybersecurity industries.

The Moody’s RMS cyber model uses a multidimensional assessment to identify and quantify key risk variables that determine the frequency and severity of cyberattacks. This includes a thorough assessment of threat-actor groups, human vulnerabilities, digital assets at risk, outside-in vulnerabilities, historical cyber incidents, loss process footprints, and the interplay with insurance contract terms. This proprietary research is embedded in an innovative risk modeling framework that can model individual and portfolio-level risks.

More on Moody's Cyber Industry Steering Group

Cyber risk for insurers 

The dynamic nature of cyber risk is reshaping the (re)insurance landscape, requiring a new paradigm of risk management to harness its potential for immense growth. Moody’s is at the forefront, delivering consistent risk quantification and pricing with detailed insights into both attritional and catastrophic cyber risks.

Moody’s provides an advanced and future-proof cyber risk modeling framework that is tailored to the (re)insurance industry’s specific needs.

Testimonial

The sustained rise in cyberattacks impacts all sectors, globally. Capturing the credit implications of cybersecurity risk on our issuers is critical. Our analysts evaluate the effects of the ever-evolving cyber environment – be it legislation, regulation, or technological advancements – to keep the market informed and up to date.

- David Platt
Chief Strategic Development Officer, Moody's Corporation

News and views

research

Sep 15, 2024

 Moody's Ratings
Some business sectors stand to profit more from artificial intelligence than others

With palpable returns from AI still to emerge, value will accumulate where barriers to entry are highest.  

  • Cyber risk
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research

Sep 09, 2024

 Moody's Ratings
Strategic adoption of technologies can transform supply chain management

As companies turn to AI, blockchain, the Internet of Things and quantum computing to explore new ways to solve problems, the digitalization of supply chain management is entering a new phase.

  • Cyber risk
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article
Moody's
Decoding cyber risk

Given its potential to cause significant financial, reputational, legal, and operational damage, cyber risk is an existential issue for businesses worldwide.

  • Cyber risk
Read more
article
Moody's
Protecting supply chains against cyber risk

How can organizations proactively mitigate risks posed by breaches of key suppliers? Thanks to a combination of robust internal processes and Moody’s supplier risk solutions, organizations can be more effective.

  • Cyber risk
  • Supplier risk
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article
Moody's
Cyber risk and creditworthiness: A new era of risk assessment

The time is now to underscore the criticality of cybersecurity within a comprehensive risk assessment framework, which includes aspects like credit, operational, compliance, and supply chain risks, among others.

  • Cyber risk
  • Corporations
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article
Moody's
The impact of cybersecurity management practices on the likelihood of cyber events and its effect on financial risk.

Understanding a company’s financial and technological exposure to cyber threats can help these market participants better prepare for potential cyber events and related financial losses.

  • Cyber risk
Read more

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