Health care providers are among the top four industries cited by Moody's Investors Service as particularly vulnerable to the after-shock of a cyberattack.
In a summary of a report to investors, Moody's notes that "the threat of cyberattacks continues to rise across all sectors, and the implications could start taking a higher priority in credit analysis. … Industries which house significant amounts of personal data, such as financial institutions, health care entities, higher education organizations and retail companies are at greatest risk to experience large-scale data theft attacks resulting in serious reputational and financial damage."
The core of the report essentially consists of a warning to investors that, while cyberattacks and mass data thefts in and of themselves probably won't take down a stock, such attacks represent a factor that will increase in importance over time.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
