Systemic Cyberattack Could Present Material Risk for US. Banks
Tue 10 Aug, 2021 – 11:09 AM ET
Related Fitch Ratings Content: Quantifying U.S. Bank Systemic Cybersecurity Risk (Fitch and CyberCube Model Impact of Systemic Cyber Events on U.S. Banks)
Fitch Ratings-London/Chicago/New York-10 August 2021: U.S. banks are generally well positioned to handle average modeled cyber risk losses; however, tail events from a systemic cyber risk event can be material, according to a new Fitch report, “Quantifying U.S. Bank Systemic Cybersecurity Risk.”
Hugh Taylor
Hugh Taylor is a Certified Information Security Manager (CISM). In addition to editing Journal of Cyber Policy, he writes about cybersecurity, compliance and enterprise technology for such clients as Microsoft, IBM, SAP, HPE, Oracle, Google and Advanced Micro Devices. Prior to launching his freelance writing career, he served in executive roles at Microsoft, IBM and several venture-backed technology startups.