Credit ratings improve with tighter data breach notification rules

09/11/2022 | Axios

Credit rating agency Moody's is forecasting that companies could enjoy a "credit positive" environment as rules surrounding the reporting of cyberattacks in the US have tightened. Now that credit rating agencies are applying greater scrutiny to companies' cybersecurity and history of data breaches in order to assess their creditworthiness (£), Moody's predicts that the US government's actions to crack down on ransomware activity by targeting the servers gangs use and better cyber incident reporting laws would yield higher ratings for businesses next year.

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