Moody's Report Identifies High Cyber Risk in Key Sectors

Moody’s report highlights elevated cyber risks in telecom, airlines, and utilities. A new report from Moody’s Ratings categorizes the telecommunications, airline, and power generation sectors as “high risk” due to increased digitization and inadequate security practices. The report emphasizes that the growing reliance on digital technologies has expanded the attack surface for cybercriminals, with notable incidents such as recent hacks affecting major telecom companies. Additionally, over two-thirds of industries assessed are deemed “high or very highly digitized,” raising concerns about the vulnerabilities in essential services and supply chains.