Tuesday, 6 October 2015

Banks with Weak Cybersecurity Could Be Downgraded: S&P

From CFO –

Standard & Poor’s on Monday said that it could downgrade banks with weak cybersecurity, even if they haven’t been attacked.

S&P has yet to downgrade any bank that has suffered a security breach because the cyberattacks so far have not resulted in reputational issues or monetary or legal damages that significantly hurt profits, S&P analysts led by Stuart Plesser wrote in a report.”

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