Analysis: These are the four parts of the economy most vulnerable to cyberattack, according to Moody's
Across the world, there are four specific industry sectors at the highest risk of being devastated by cyberattacks. They also hold a big chunk of the world's debt -- to the tune of $11.7 trillion. this morning from Moody’s Investors Service, a division of the credit ratings agency.
An attack in one of those sectors would also have broad ripple effects, the report said, resulting in “far-reaching impact on other sectors.” A single successful attack on a large bank, for example, could “pose a systemwide risk” that affects the entire financial sector, the report notes. As one example of how an attack could damage an organization's creditworthiness, the report highlighted the data breach of credit reporting agency Equifax. It was a cyber strike that was not only “unprecedented in terms of the number of consumers affected” — it compromised the personal information of more than 140 million people in the United States — but also had profound follow-on consequences, including hundreds of lawsuits and investigations by federal and state regulators.
“One thing that has confounded this type of analysis, not only for us but for others, is there’s not a good strong public record of cyber events,” Robard Williams, a Moody's senior vice president, told me.SIGN UP NOWPINGED: Michael Cohen, President Trump's former personal lawyer, told Congress that Trump knew in advance that WikiLeaks was planning to release hacked emails from the Democratic National Committee to damage Hillary Clinton's campaign in July 2016.
“Some counties use machines that are so old that vendors no longer make replacement parts,” Padilla said Counties that may not be able to update their outdated systems by the time California holds its presidential primary on March 3, 2020, can request more time under certain conditions. “The state has demonstrated its commitment to the modernization of our election infrastructure,” Padilla said. “I’m urging all local elections officials to now follow suit.”PWNED: Security researcher Bob Diachenko discovered that Dow Jones's Watchlist database of high-risk individuals was exposed online.
“Diachenko also found dates of birth and genders. Each profile had extensive notes collected from Factiva and other sources.”— Congress should provide states with “regular” federal funding to help them secure their election systems He also called on Congress to pass a law to help fight foreign information operations on social media platforms. “These firms have taken initial steps towards identifying and removing content pushed by foreign intelligence services to manipulate and divide Americans,” Rosenbach said in his written statement. “That said,
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