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Larger, vertically-integrated utilities better prepared to face cyber threats, says Moody's
Utility Dive: Moody's is digging into the growing threat faced by utilities, and says its Wednesday analysis is the "first of a series of cyber themed research reports" it will release as security plays a growing role in assessing company financials.
"Our survey of global electric utilities shows that large, privately owned regulated utilities have more robust cyber risk governance and management practices in place than state-owned or unregulated and not-for-profit peers," Moody's analyst Lesley Ritter said in a statement. "Smaller utilities, not-for-profits in particular, favor a risk transfer approach to cyber risk mitigation".
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