For any health company, having access to the various forms of credit is very critical. This could be because of organic expansions, acquisitions and our topic of interest – ransomware removal and cybersecurity. Moody’s has gone forward and announced that they will now consider cyber-risks as part of their coveted credit ratings for enterprises and this is going to have a considerable impact on all global sectors and rated organizations.
Moody’s, however, recently announced that their cyber-risk ratings will only be limited to those industries and organizations that they choose. Now that may seem bizarre, but we suppose they are testing the water before they go ahead and jump into the segment.
Moody’s let all the interested organizations know that they may face questions about their ransomware removal procedures in terms of cyber-risk. While this is the case for Moody’s, there are already some organizations out there that have started giving out cyber-risk ratings to any organization that approaches them. One such example is FICO, but the problem is that they stand nowhere in comparison to Moody’s.
Either way, this step taken by Moody’s is going to change the world of credit borrowing. If you really think about it, credit risk ratings are measures of whether businesses have the ability to pay the money they owe. Adding cyberattacks and ransomware removal into the mix was a good decision as these attacks even have the potential to cease the business operations immediately.
According to MalwareBytes’ research, it was found that 20% of the companies that were attacked with malware had to cease their operations immediately. Moody’s decision sounds viable now, doesn’t it? Well, this is all the more incentive for businesses to gear up for ransomware removal means and invest in effective cybersecurity!